All this and double digit inflation:
Nearly one-third of American workers make less than $15 an hour, study finds
https://edition.cnn.com/2022/03/22/politics/american-workers…
6 in 10 Americans don’t have $500 in savings
https://www.cbs19news.com/story/34248451/6-in-10-americans-d…
U.S. consumer credit growth soars in February at highest rate in 20 years
https://www.marketwatch.com/story/u-s-consumer-credit-growth…
Where’s the US recovery?
Nearly one-third of American workers make less than $15 an hour, study finds
Wendy, “where’s the US recovery”?
Do you remember it used to be 42% of US workers made less than $15 per hour.
If you are retired on a fixed income this all sucks. If you working instead of finding the tiome to showing up to comment on news reports this is a golden age.
Wendy, “where’s the US recovery”?
I’m still waiting for her coherent explanation of how wage slaves are to blame for the M1 spike when, as Div points out,
6 in 10 Americans don’t have $500 in savings…U.S. consumer credit growth soars in February at highest rate in 20 years
Maybe it’s all those folks on food stamps and welfare?
6 in 10 Americans don’t have $500 in savings…
As of 2019, the average net worth for all American families was $746,820, and the median net worth was $121,760, according to the Federal Reserve.
www.forbes.com/advisor/investing/average-net-worth/
DB2
6 in 10 Americans don’t have $500 in savings…
As of 2019, the average net worth for all American families was $746,820, and the median net worth was $121,760, according to the Federal Reserve.
That’s what Power Law Distributions look like, a few at the top and a huge long tail at the bottom. Unfortunately the Power Law Distribution seems to be a law of nature. What do we have to give up to even out the distribution. Unfortunately it seems to be killing the economy.
Where’s the happy median?
The Captain
Where’s the happy median?
Something like what they’re doing in Norway.
intercst