No I don't see the problem, we all got way wealthier. Percentage of total doesn't matter at all because "total" is fundamentally illiquid. In 1970, only 9.7% of Americans were high income. Now the figure is 34.1%. That's incredible. https://t.co/sggYdoI2Tx
soar to $1 billion. However, the wealth of the median customer, the one exactly in the middle of the distribution, wouldn’t change at all.
The United States is the richest nation in the history of the world. But there is little evidence that its citizens are, on average, happier today than they were in the 1950s, when wealth and income were much lower—even at the median level and adjusted for inflation. A 2019 Gallup poll of 150,000 people in 140 countries found that about 45% of Amer
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