IMO the easy way to think about how Fed Exacerbates wealth inequality via negative real rates is to think of the poor worker (no real assets) literally unable to save any money - treading water, simply eating , paying rent , getting by. But those at the top of the income and wealth scales enjoy cheap borrowing to purchase stocks ,2nd and 3rd homes , land , knowing they will repay these obligations with devalued - ie inflated dollars. Highly recommend you read The Fiat Standard - Saefadean Ammous. - Austrian Economist. Fix the Money - Fix the World.