America's 1% Has Taken $50T From the Bottom 90%

Re:America's 1% Has Taken $50T From the Bottom 90% by majormajor on Thursday February 11, 2021 @04:22PM (#26107442)

Poor is a loose word, but there are quite a few people I grew up with who do basically the same job as their parents yet can't afford as much of a house as their parents did at the same age and have less future financial security (retirement savings, pensions, whatever) as their parents did at the same age.

Their TV is bigger, but they're also much more stressed about their security...

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Re:America's 1% Has Taken $50T From the Bottom 90% by vorpalhex on Thursday February 11, 2021 @04:53PM (#26107872)

I don't imagine it pays well to be a coalmaker or someone who makes horse drawn carriages either.

Is the market actually shrinking or just shifting?

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Re:America's 1% Has Taken $50T From the Bottom 90% by tastyfreeze on Thursday February 11, 2021 @06:07PM (#26108707)

Say hello to the result of inflation. Where saving is discouraged and what you earn is continually worth less.

The best way to demonstrate inflation is to index historical prices to another asset like gold.

http://pricedingold.com/us-home-prices/

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