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I hate to be so cynical, but the news tends to write stories along the theme of 'rich-get-richer' no matter which way the economy goes. When the economy booms,
by Gunax 4y ago
I hate to be so cynical, but the news tends to write stories along the theme of 'rich-get-richer' no matter which way the economy goes.
When the economy booms, it's 'stock market gains mostly went to the wealthy'. When it crashes, it's 'the poorest are hurt most by unemployment'.
Or to take the interest rate example: high rates = unaffordable mortgages, low rates = high asset prices. No matter what happens, one can always write an article about 'X increasing wealth disparity'.
In a sense they are correct, in that having money allows one to take advantage no matter which way the economy bends... But I am pretty sure there is an unwritten rule that articles must always have a bit of evil, plotting, Mr. Burns-esque element.