>The top 5% have captured 82% of all economic growth since 1983. Lots of people convinced themselves credit is the same as cash. As long as that's true they w

>The top 5% have captured 82% of all economic growth since 1983. Lots of people convinced themselves credit is the same as cash. As long as that's true they will have no wealth. I know single people who make over six figures and have a negative net worth. Saying xx% of people haven't saved any money is not the same thing as saying that same percentage of people couldn't save money. They just didn't. That's the point of the article, and no matter how trite it seems, it's true. >The bottom 60% have actually lost, on the whole, from their additional striving. Their return on additional labor has been negative. You have to pick your time frame very carefully for that to be true. It's definitely the case the rich have been getting richer. The poor have been getting richer as well: http://blogs.dailymail.com/donsurber/archives/42130 http://blogs.dailymail.com/donsurber/archives/42130 Realize that the people in the bottom quartile are not the same people who were in the bottom quartile twenty years ago. Between 1985 and 2010 we had over ten million people immigrate to this country with no ability to speak English and no marketable skills. You can hardly blame the economy for not lifting them out of poverty yet. >It's irrational, given that state of affairs, to strive. Complete, unadulterated BS. It's not irrational at all. Even today, with the deleveraging that's going on, you can make a comfortable life for yourself if you're willing to "strive". Or, I guess, you can stay at your mom's place, drink beer, and play video games. But you'll have to pardon the rest of us for not having much sympathy when you complain the man is keeping you down.