Wealth disparity in the U.S. has grown since 2009, according to Fed data, with a significant increase in the share of the nation’s wealth held by the 238,000 richest people.

President Joe Biden delivered a televised farewell address on Wednesday. Sitting at his desk in the Oval Office, Biden discussed the fundamental values of the United States, reflected on his 50-year political career,

Even before Biden’s speech, the rising wealth gap in the U.S. and China raised concerns about whether the world’s two largest economies were becoming oligarchies.