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From a recent Bloomberg article: Wealth of bottom 50% doubled between 2020-2022. Top 1% rose significantly. While the remaining 49% didnt budge much. Interpret
by pardesi 4y ago
From a recent Bloomberg article: Wealth of bottom 50% doubled between 2020-2022. Top 1% rose significantly. While the remaining 49% didnt budge much. Interpret it for your supply chain concerns.
- JaimeThompson 4y agoHow much of that wealth increase for the bottom 50% was driven by exploding property / home value increases ?
- monklu 4y ago> the remaining 49% didnt budge much
- mywittyname 4y agoThe bottom 50% own very little. Home ownership rates in the USA are like 65% and poorer people are less likely to own their homes. So the answer is likely, a negligible amount. The increase in wealth among poorer people was most likely driven by stimulus money and a bit due to wage increases (which also favored the poor).