U.S. wealth inequality is the highest it has been in nearly four decades, according to federal data, as the economy under the Trump administration appears to increasingly favor the rich. As of late 2025, the top 1 percent of households held 31.7 percent of wealth , the highest share on record since the Federal Reserve began tracking the figure in 1989. “Donald Trump talks a lot about the working class, his MAGA base is primarily working class, but if you look at the data, the working class is doing very badly in the second Trump administration,” former Labor Secretary Robert Reich, a professor emeritus at the University of California, Berkeley, told NBC News . “The real growth in the second Trump administration has been in corporate profits and in the wealth of the people at the top.” The U.S. has become something of a “K-shaped” economy , where those on the upper end of the income scale enjoy greater benefits than the vast majority of those in the middle.…