A more parsimonious explanation is that people’s incomes are less than or equal to their expenses (rent, healthcare, food, taxes, etc) preventing them from accu

A more parsimonious explanation is that people’s incomes are less than or equal to their expenses (rent, healthcare, food, taxes, etc) preventing them from accumulating wealth. Until we reverse the trend of stagnating wages and rising expenses and pay people more for their work and/or reduce the cost of living, people will not be wealthy.