If by upward transfer, you mean elites gained the larger percentage, then also include that immediately previous to Obama the same elites saw the largest percentage losses under the Bush financial collapse. The gains as the economy improved restored some of those losses.
Also under Obama the middle class gained significant wealth, through reduction in unemployment, restoring of stock values (i.e., pensions and 401ks), and wage increases (the largest year over year median wage increase on record was under the Obama admin).
Also under Obama the middle class gained significant wealth, through reduction in unemployment, restoring of stock values (i.e., pensions and 401ks), and wage increases (the largest year over year median wage increase on record was under the Obama admin).