The quarter saw gross domestic product rise at a 4.9% annualized rate, the fastest since the final quarter of 2021, according to the U.S. Commerce Department’s Bureau of Economic Analysis. GDP was expected to rise at a 4.3% rate, according to economists polled by Reuters.

The July through September period recorded wage growth of 1.2%, which was up from the 1% growth rate in the second quarter, CNN reports. But when measuring growth from 2019 to 2022, the top 10%, whose average net worth is about $6.6 million, saw their compensation grow by 22% over that period, while middle-income earners realized a 5% increase over the same span.