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Actually median (and poorer) households did well between 2019 - 2022. See https://www.federalreserve.gov/publications/files/scf23.pdf https://www.federalreserve
by probablynish 3y ago
Actually median (and poorer) households did well between 2019 - 2022. See https://www.federalreserve.gov/publications/files/scf23.pdf https://www.federalreserve.gov/publications/files/scf23.pdf or the related blog post https://www.noahpinion.blog/p/great-news-about-american-wealth https://www.noahpinion.blog/p/great-news-about-american-weal... . This chart doesn't seem to be about households alone.
- chiefalchemist 3y agoThose at the bottom did well due to government "one time" contributions, not because the economic system miraculously raised them.
- probablynish 3y agoYep, probably true, but the government redistributing income is in itself kind of part of our economic system.