4 ms·
Completely agree — from my vantage point it seems like there’s three camps: those who can ride this wild market, those who can’t but would if they could, and th
by austinheap 6y ago
Completely agree — from my vantage point it seems like there’s three camps: those who can ride this wild market, those who can’t but would if they could, and those who don’t understand how to and/or err on the side of meme-based market analysis. My parents fall into the later category (both for different reasons) and it’s sad/frustrating.
The historic gap was already near-or-at unsustainable. Add in the pandemic market and now we’re setting daily records for previously unseen inequality.
If you take PEW at their word: the share of economic wealth taken by the ultra wealthy surpassed the middle class in 2018. Their 2020/2021 report will be...a lot.
https://www.pewsocialtrends.org/2020/01/09/trends-in-income-and-wealth-inequality/ https://www.pewsocialtrends.org/2020/01/09/trends-in-income-...