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> Americans are rich and getting richer, by most conventional measures. More Americans are breaking into the upper middle class, and workers at the bottom of th
by abustamam 6mo ago
> Americans are rich and getting richer, by most conventional measures. More Americans are breaking into the upper middle class, and workers at the bottom of the income distribution have seen their wages grow faster than those at the top in the last few years.
I think it's important to define rich. Is it high net worth or high income? High income means nothing when you're paycheck to paycheck paying mortgage and bills.
Also, I'd argue that America itself isn't rich. The 1% certainly are rich. Corporations are sure rich. But the rest of us? We're dealing with the world the rich people put us in.