Discover the looming retirement savings crisis in America, where the average worker retires with just $955 in savings. Learn why savings are falling behind, the decline of employer pensions, and why Social Security isn't enough.
Homeownership is just one factor exacerbated by wealth and wage inequality. The top 10% of earners account for 50% of consumer spending. This is also a record high since the 80s.
Now all of society is geared towards that 10%. Every TV show, car, restaurant, movie, and food product is trying to grab that market. So if you’re not making enough money people literally do not care what you think because you don’t have any money.
Bingo. 👍
Well said. I was using the housing market as just another indicator of the exact problem you are talking about. Mostly because it’s much easier to understand in the context of determining Americans total “savings / net worth” which relates closer to the OP.
Homeownership is just one factor exacerbated by wealth and wage inequality. The top 10% of earners account for 50% of consumer spending. This is also a record high since the 80s.
Now all of society is geared towards that 10%. Every TV show, car, restaurant, movie, and food product is trying to grab that market. So if you’re not making enough money people literally do not care what you think because you don’t have any money.
Bingo. 👍 Well said. I was using the housing market as just another indicator of the exact problem you are talking about. Mostly because it’s much easier to understand in the context of determining Americans total “savings / net worth” which relates closer to the OP.