This paper studies how quantitative easing (QE) affects household welfare across the wealth distribution. ... On net, it reduced overall wealth and income inequality, as measured by the Gini index. Surprisingly, QE has weaker distributional consequences compared with conven- tional monetary policy.

Did quantitative easing increase income inequality?

We conclude that QE led to modest increases in inequality despite having some positive impacts on employment and mortgage refinancing.

How quantitative easing contributed to the nation's inequality problem?

Quantitative easing adds to the problem of income inequality by making the rich richer and the poor poorer. By intentionally driving down interest rates to low levels, it allows people who can get access to cheap money on a regular basis to benefit in extraordinary ways.