I mean just sort by net worth hold and grouping them, not grouping by income.
ie., top 1% by net worth, top 20% by net worth.
Cause some people don’t have income but have a lot of net worth.
Can’t build wealth when half or more of the income goes towards rent or that 6% 1million mortgage.
Wealth disparity increasing, cost of housing increasing, GDP/capita decreasing, productivity decreasing. This is not the “The Great Reset” that I was envisioning after COVID19. I was dubious of course, but I really thought there’s a chance of more progressive policies. But instead we just have the feds subsidizing electric vehicles tech.
They always focus on real estate value. Who of that under 45 demographic lowest earners can afford anything but survival and renting? Why is there absolutely no mention of the failure of antitrust? Brand conglomerates jacking up priced for pure profit because what are people going to do, use local goods from shops that are gouged for their basic operation costs? I work at a small local place, and I’m pretty sure the owners are as tired and depressed as the staff right now. Working harder than ever, and losing more money than we make.
All we can ethically do is shout and cry and be noticed, but the last few decades show how much that has stopped the trend.
Something has to change or riots will be inevitable. Automation isn’t going to go backwards, and it’s absurd the working class hasn’t seen any improvement in their lives by this point.
Like duh. At a certain point, it’s like, who are these articles even being written for??! That’s probably a rhetorical question. It’s just frustrating.
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I believe that number is gonna be very surprising when just using liquid + fixed assets net worth instead of income percentile.
I believe that is what they used…
I mean just sort by net worth hold and grouping them, not grouping by income. ie., top 1% by net worth, top 20% by net worth. Cause some people don’t have income but have a lot of net worth.
Ah! I see the distinction now. Yeah, it is odd they mixed and matched like that.
Can’t build wealth when half or more of the income goes towards rent or that 6% 1million mortgage.
Wealth disparity increasing, cost of housing increasing, GDP/capita decreasing, productivity decreasing. This is not the “The Great Reset” that I was envisioning after COVID19. I was dubious of course, but I really thought there’s a chance of more progressive policies. But instead we just have the feds subsidizing electric vehicles tech.
They always focus on real estate value. Who of that under 45 demographic lowest earners can afford anything but survival and renting? Why is there absolutely no mention of the failure of antitrust? Brand conglomerates jacking up priced for pure profit because what are people going to do, use local goods from shops that are gouged for their basic operation costs? I work at a small local place, and I’m pretty sure the owners are as tired and depressed as the staff right now. Working harder than ever, and losing more money than we make.
All we can ethically do is shout and cry and be noticed, but the last few decades show how much that has stopped the trend.
Something has to change or riots will be inevitable. Automation isn’t going to go backwards, and it’s absurd the working class hasn’t seen any improvement in their lives by this point.
It’s Guillotime™️
Like duh. At a certain point, it’s like, who are these articles even being written for??! That’s probably a rhetorical question. It’s just frustrating.