Re:Leaked Amazon memo warns the company is running out of pe...
by JaimeThompson on Friday June 17, 2022 @01:29PM
(#31781457)
How much of that wealth increase for the bottom 50% was driven by exploding property / home value increases ?
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Re:Leaked Amazon memo warns the company is running out of pe...
by mywittyname on Friday June 17, 2022 @03:31PM
(#31783145)
The bottom 50% own very little. Home ownership rates in the USA are like 65% and poorer people are less likely to own their homes.
So the answer is likely, a negligible amount. The increase in wealth among poorer people was most likely driven by stimulus money and a bit due to wage increases (which also favored the poor).