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Wealth is savings. If you don’t save, you don’t have any wealth. But by income, the bottom 50% are responsible for 20% of the productivity / income. They are
by naveen99 2y ago
Wealth is savings. If you don’t save, you don’t have any wealth. But by income, the bottom 50% are responsible for 20% of the productivity / income. They are probably more than 20% of consumption, given the others save more than they consume out of their income.
- naveen99 2y agoSo distribution of consumption from bottom 50% is closer to 33%. https://www.bls.gov/cex/pce-ce-distributions.htm https://www.bls.gov/cex/pce-ce-distributions.htm