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The rich are minting money in Covid-19 pandemic like never before

For them, not only has it been relatively easy to carry out their white-collar jobs from home

Photo: Reuters
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Their massive wealth accumulation is, in large part, obscuring the toll felt by all those who don’t enjoy the same easy access to credit or financial markets. | Photo: Reuters

Davide Scigliuzzo | Bloomberg
Americans have become, by some measures, richer during the pandemic than ever before.
 
It’s a difficult thing to fathom, what with the economic collapse and the surge in the ranks of the jobless, the homeless and the hungry. But there’s a whole class of people — at least the top 20 per cent or so of earners — who’ve had to worry little about such matters.
 
For them, not only has it been relatively easy to carry out their white-collar jobs from home. But the Federal Reserve’s unprecedented emergency measures —including slashing benchmark rates to zero — have

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