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Average income is completely unrelated to inequality. 0.1% of the population is getting richer and 95% of the population is getting poorer. The middle class i
by goodpoint 5y ago
Average income is completely unrelated to inequality.
0.1% of the population is getting richer and 95% of the population is getting poorer.
The middle class is quickly disappearing, the low-income class is growing fast.
- marcusverus 5y ago> 0.1% of the population is getting richer and 95% of the population is getting poorer. Do you have any data to support this? Fed data shows household wealth doubling for the bottom 50%, just since 2008. Households in the 50-90th percentiles also nearly doubled. https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/#range:2006.2,2021.2;quarter:127;series:Net%20worth;demographic:networth;population:;units:levels https://www.federalreserve.gov/releases/z1/dataviz/dfa/distr...