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On the other hand, I always think of farmers when the subject of wealth comes up. Their infrastructure can make them very wealthy, but through many years their
by randomdata 11y ago
On the other hand, I always think of farmers when the subject of wealth comes up. Their infrastructure can make them very wealthy, but through many years their income may not even push them across the poverty line, making living a struggle. Wealth gives no indication of how you are doing day to day. There is definitely security there, but only if you are wiling to give up your livelihood, which comes with its own problems.
- mdorazio 11y agoI'm not sure that's the best example. Median farm family incomes are a good 30% higher than median non-farm family incomes in the US [1], and farming comes with benefits like really low cost of living. Farming is quite a lucrative profession. [1] http://www.usda.gov/documents/FARM_FAMILY_INCOME.pdf http://www.usda.gov/documents/FARM_FAMILY_INCOME.pdf
- randomdata 11y agoFrom your link: "85-95 percent of farm household income has come from off-farm sources" which only reiterates how small farm incomes can be, despite the huge amount of capital required to do it. If you have another job then you can possibly have both the income and wealth, but that is not exactly a guarantee for everyone. To add to that, while things may not be so bad right now, your link also shows periods where total farm household income was considerably less than the general population. 'Land rich, cash poor' is very much a thing.