Kasz216 on 15 June 2012
| richardhutnik said: So now, it isn't just the rich getting richer, but the middle class lost like 40% of "net worth and the median declined: http://www.nytimes.com/2012/06/12/business/economy/family-net-worth-drops-to-level-of-early-90s-fed-says.html?_r=2 So, if people want to branch out further, is this ok? |
Uh Richard... did you happen to read your own article all the way through?
"The data does provide the latest indication, however, that the recession reduced income inequality in the United States, at least temporarily. The average income of the wealthiest families fell much more sharply than the median, indicating that some of those at the very top of the ladder slipped down at least a few rungs."
The earnings of the median family in the bottom 20 percent of the income distribution actually increased from 2007 to 2010, in part because of the expansion of government aid programs during the recession.
So what you mean to ask is it ok that the Rich are getting poorer, Middle class are getting poorer but the poor are getting richer.
