Re:2021 Letter
by matthewdgreen on Sunday January 02, 2022 @09:05AM
(#29768767)
I don’t think that’s really a fair summary of the article and it elides many of the nuances, such as the fact that the “increase in wealth” you cherry-pick is due to demographic changes (workers getting older and thus having higher salaries) whereas the other measures in the article all point to declines. But more to the point: does this summary reflect your actual experience?
[ Parent
| on HN ]
Re:2021 Letter
by 11thEarlOfMar on Sunday January 02, 2022 @04:26PM
(#29774109)
The word that caught my attention was demise. It doesn’t square if you believe that the US is seeing record employment and record stock market returns, as more than 50% of US households have stock-based investments.
I was asking, and still hoping to see, the metrics and data that point to demise of the US middle class.