10% For The Big Guy said:dajo9 said:
A great article summarizing the once-every 3 years Survey of Consumer Finances which, according to this article, is the best measure of wealth distribution across the U.S.
Key takeaway:Quote:
Wealth inequality, while still extremely high, fell to some of the lowest levels in the last decade, and real median net worth hit record highs for a variety of traditionally economically disadvantaged groups including single parents, under-35s, renters, Hispanic Americans, Black Americans, and more.
About half of the post Great Recession, QE assisted, surge in wealth inequality is gone.
https://www.apricitas.io/p/americas-record-wealth-boomThat's like analyzing the distribution of wins in Pac 12 football without including Washington and Oregon to try and tell you how Stanford is doing better than ever.Quote:
Indeed, the SCF shows that the pandemic era has seen a rather significant drop in US wealth inequality in contrast to the rising multi-decade trend of rising inequality (although these figures don't include the very richest Americans like Elon Musk or Jeff Bezos).
The survey includes 21 billionaires but because it doesn't include the most well known celebrity billionaires you use that to try to attack it. The obvious reality is that the survey is fine, you just don't like the outcome.