Top 10% control almost half of consumer spending, middle class is fading fast
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Why does this also feel like gloating?
Its true, but....
Its true, but....
QE infinity does know what he is blithering about
the most influential stock market participants by volumes are institutional investors ie pension funds, mutual funds, endowments etc. which generally represent millions of middle class investors , unions etc.
he is trying to support a narrative via bullshit
the most influential stock market participants by volumes are institutional investors ie pension funds, mutual funds, endowments etc. which generally represent millions of middle class investors , unions etc.
The bond market is significantly larger than the stock market in terms of $ and it has been the vehicle to keep irresponsible government spending funded
he is trying to support a narrative via bullshit
What are you blathering on about?
What has that to do with the growing divide between rich and poor?
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gee the wealth is concentrated in the groups that have worked longer, saved longer and invested longer
go figure
Thats true, but you need something left over to save and invest. Pretty hard to do when you're living paycheck to paycheck.
Yes, but larue would argue that its their fault for not working harder at being born rich and white.
No, but they would share a lot of space in a Venn diagram.
Sure, in the west. Look at it globally. You're missing all the Asian billionaires and Arab Sheikhs. Think its any different there?
this is a discussion about North America mostly.
Start a new thread for that line.
from post #1
gen x -average net worth $1.1 million
millennials - average net worth $135,000
if you have a net worth (assets -liabilities) of $135,000 you are not living paycheck to paycheck
the wealth gap has been a complaint of every young generation including the silent & earlier cohort when they were young
and look at them now
Middle Class has been fading for decades. Politicians keep promising to do something about that, but then they also keep implementing and allowing policies that cause wealth to pool at the top, then extract additional money from the Middle Class to redistribute to the bottom, leaving the Middle Class with less, and burdening them with also carrying the Lower Class. Basically, work harder, for less returns. This is a big reason why the Middle Class is no longer having kids. For example, in the U.S., people from the lower and upper classes have more kids relative to the rest of the world, but the middle class has LESS kids than the rest of the world. And Canada mimics this. That's not a normal dynamic.
We know which demographic you are in.
