Let's not blow the trumpets just yet. The wealthy lost a lot of paper wealth in the crisis aftermath and that has bounced back. Lower on the scale, not so much, since most financial equity is held by the wealthy rather than being widely distributed and many home "owners" lower on the scale are still underwater. Inequality of income and wealth distribution has increased since the crisis, shrinking the (formerly) "middle class" households even more than the figures show, since many are only a paycheck away from being poor if they lose their access to credit.
Calculated Risk
Fed's Q4 Flow of Funds: Household Net Worth at Record High
Bill McBride
