5 ms·
In a country where 69% of the population has less than $1000 in savings[1], income inequality is more important than wealth inequality. You need excess income t
by undersuit 10y ago
In a country where 69% of the population has less than $1000 in savings[1], income inequality is more important than wealth inequality. You need excess income to accumulate wealth.
[1] http://www.forbes.com/sites/niallmccarthy/2016/09/23/survey-69-of-americans-have-less-than-1000-in-savings-infographic/#25a8312f91ee http://www.forbes.com/sites/niallmccarthy/2016/09/23/survey-...
- TTPrograms 10y agoSavings is a measure of wealth, not income...
- undersuit 10y agoAnd you need excess income to accumulate wealth.