That’s what you call a measure of inequality and result of a 40+ year trickle down tax regime that threw more money and tax benefits to the wealthy while raising taxes on the working class.
intercst
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That and other things. For example, a 40-year bull market in bonds benefited those with enough money to invest in bonds. Similarly, the stock market.
Looking at the last couple of years, inflation has outpaced wage growth. Certainly not helpful to those in the lower quartiles who don’t own a house. At the same time, home prices (and equities) have risen enough to increase the average net worth.
DB2
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That is not true at all. Have you been awake this year?
Who have I been talking to?
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But it is. The cumulative result is still negative.
DB2
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That looks like a textbook example of a skewed curve.
I wonder who is getting skewed,
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I’m pretty sure I know who is not getting skewed.
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We are coming out the other end now where it is less and less true and inflation is in the rearview mirror.
Aren’t " . .those with enough money . . " also known as . . . wealthy?
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I don’t think that is true; I have enough money and I’m certainly not wealthy in any sense of the word!
JimA
The wealthy certainly have enough money but so do a lot of other people – and that is enough money for retirement plans as well as home ownership.
DB2
I’m pretty sure we could all be defined as wealthy. Top 50% of average or median net worth. Top 25%, top 10%, top 5%.
We are all in the top 0.1% according to this: Income Comparator - WID - World Inequality Database
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You did not care from 1981 to 2020.
And pretty surprised, I imagine… Never know what develops, one different choice, total different result…
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Leap, to what are you referring?
Earlier this year I took a TV to Goodwill for donation. I knew they only took flatscreens but was surprised that now said flatscreens have to be smart TVs.
DB2
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Makes sense. They want to re-use the TVs. Non-smart TVs likely would have to be scrapped–at their cost.
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Inflation reduces the value of the dollar paid to people or workers. The entire discussion hinges on whether workers feel they are getting less in pay.
From 1981 to 2020 the supply-side supporters rallied for pay and benefit cuts. Same difference as inflation but worse because there was still inflation.
In 2023 workers got a lot more in pay.
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You must live in a pretty fancy neighborhood. The local Goodwill and Salvation Army here take older, non-'smart" ie do not connect to streaming services, sets. Almost all of that they have on offer are 10+ year old, non-“smart” sets.
Steve…uses an antenna
I really don’t understand this. I have a non-smart TV and it works fine. It is connected to 3 or 4 devices via HDMI cables, and those devices* are pretty smart so they just use the TV as a display.
* One is an Apple TV box, one is a Tivo box, one is an old Roku box, and one is an old DVD player (hasn’t been used in at least 2 or 3 years). I also have a fire TV stick and a chromecast stick that can use one of the HDMI inputs when necesssary.