In the years since the pandemic, many Americans have enjoyed a wealth boost thanks to rising wages and a booming housing market. But not everyone has experienced a windfall following COVID-19. The wage gap between men and women has widened for the first time in 20 years—as has the racial wealth gap.
Income inequality has "become more and more problematic with the financial crisis, and then the pandemic just put it on steroids,” Abby Joseph Cohen, chief U.S. investment strategist at Goldman Sachs, explained on a panel at Fortune’s Global Forum conference in New York on Monday.
