This comes out to $23,529 per capita in the bottom half. Half of that is in real estate, which for a lot of people is the home they live in so that’s not wealth they can use easily.
The bottom % voted for it though and continues to vote for policies that actively hurt their communities.
Divide and conquer politics. Old as the hills and a fool born every minute to perpetuate it.
Some of this is math.
I am in top 10% category and will likely end up with 1% wealth. But for 3/4 of my adult life I had negative net worth.
The culture and gender war was created to distract. They know people get all emotional about trivial things.
Can everyone agree Trump lies constanly so why does he have so many supporters?2000% reduction on prescriptions lol
Well, they can move back to their countries and start businesses there.
Money supply quadrupled in 2020, hence the following explosion is asset values and inflation.
Who cares?
Do better. 💁♂️
No war but class war!
The top 10% now holds 93% of all wealth in America.
They’re not doing 93% of the work, so they can pay taxes!
Inflation will only get worse for most of us as the top 1% keep taking more and more of the populations wealth. How much till the system breaks completely?
Depending on the report and the way the wind blows I’m in the top 8-10%.
A regular broke-ass blue collar background dad that became an engineer that now has a family with two little girls and an aging parent to care for. I work a regular full time white collar job as an executive for a national company and I have another side business, any given week I’m working ~100 hrs.
I hardly see my family, we don’t go on vacations, we drive paid off older cars, and we’re still in the same house in the same shitty poor neighborhood that I grew up in over 30 years ago, and I do all the repairs on our house and cars. I save as a “good American” is supposed to since businesses dumped pension plans years ago and I still don’t know if what I have in my 401k will support us in retirement.
I’m not complaining and not bragging, but what I am saying is this is not left vs right warfare anymore like many politicians are saying, this is a top vs bottom issue now.
Approximately 1,100 families in the US are now billionaires, and they’re the ones holding all the wealth and now trying to gain power like the oligarchs in Russia.
We all need to realize that we 99% have more in common than the 1% that are holding us back, and if we continue to play their game and if we don’t get our heads out of our asses these billionaires are gonna make us all their slaves.
Time to stop the fighting between the stereotypical gay guy driving a Prius with a tiny chihuahua dog and the hillbilly driving a jacked up diesel dually with the giant German Shepard, those two have more in common than they want to admit and if they join forces the 1% is destroyed!
Yeah but the top 20% of the bottom still think they are middle class
16 comments
Live thrifty, my friends!
You can find that information here. Currently the bottom half has $4 trillion in wealth. This already includes liabilities subtracted.
[https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/#quarter:142;series:Assets;demographic:networth;population:1,3,5,7,9;units:shares](https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/#quarter:142;series:Assets;demographic:networth;population:1,3,5,7,9;units:shares)
This comes out to $23,529 per capita in the bottom half. Half of that is in real estate, which for a lot of people is the home they live in so that’s not wealth they can use easily.
This shows where each range keeps their wealth. [https://www.federalreserve.gov/releases/z1/dataviz/dfa/compare/chart/#quarter:142;series:Assets;demographic:networth;population:1,3,5,7,9;units:shares](https://www.federalreserve.gov/releases/z1/dataviz/dfa/compare/chart/#quarter:142;series:Assets;demographic:networth;population:1,3,5,7,9;units:shares)
The bottom % voted for it though and continues to vote for policies that actively hurt their communities.
Divide and conquer politics. Old as the hills and a fool born every minute to perpetuate it.
Some of this is math.
I am in top 10% category and will likely end up with 1% wealth. But for 3/4 of my adult life I had negative net worth.
The culture and gender war was created to distract. They know people get all emotional about trivial things.
Can everyone agree Trump lies constanly so why does he have so many supporters?2000% reduction on prescriptions lol
Well, they can move back to their countries and start businesses there.
Money supply quadrupled in 2020, hence the following explosion is asset values and inflation.
Who cares?
Do better. 💁♂️
No war but class war!
The top 10% now holds 93% of all wealth in America.
They’re not doing 93% of the work, so they can pay taxes!
Inflation will only get worse for most of us as the top 1% keep taking more and more of the populations wealth. How much till the system breaks completely?
Depending on the report and the way the wind blows I’m in the top 8-10%.
A regular broke-ass blue collar background dad that became an engineer that now has a family with two little girls and an aging parent to care for. I work a regular full time white collar job as an executive for a national company and I have another side business, any given week I’m working ~100 hrs.
I hardly see my family, we don’t go on vacations, we drive paid off older cars, and we’re still in the same house in the same shitty poor neighborhood that I grew up in over 30 years ago, and I do all the repairs on our house and cars. I save as a “good American” is supposed to since businesses dumped pension plans years ago and I still don’t know if what I have in my 401k will support us in retirement.
I’m not complaining and not bragging, but what I am saying is this is not left vs right warfare anymore like many politicians are saying, this is a top vs bottom issue now.
Approximately 1,100 families in the US are now billionaires, and they’re the ones holding all the wealth and now trying to gain power like the oligarchs in Russia.
We all need to realize that we 99% have more in common than the 1% that are holding us back, and if we continue to play their game and if we don’t get our heads out of our asses these billionaires are gonna make us all their slaves.
Time to stop the fighting between the stereotypical gay guy driving a Prius with a tiny chihuahua dog and the hillbilly driving a jacked up diesel dually with the giant German Shepard, those two have more in common than they want to admit and if they join forces the 1% is destroyed!
Yeah but the top 20% of the bottom still think they are middle class
Comments are closed.