Not buying enough stocks has been the main reason for the widening wealth gap in the United States over the past 10 years, rather than the commonly believed globalization and technological progress.
After the 2008 financial crisis, the wealth of the top 10% of American households experienced a brief dip but then continued to steadily rise, reaching new highs. The middle 40% of households still have not returned to their 2008 levels, while the bottom 50% suffered a severe blow in 2008, experiencing a "night" back to 50 years ago, and are still struggling at 1970s levels today.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Not buying enough stocks has been the main reason for the widening wealth gap in the United States over the past 10 years, rather than the commonly believed globalization and technological progress.
After the 2008 financial crisis, the wealth of the top 10% of American households experienced a brief dip but then continued to steadily rise, reaching new highs. The middle 40% of households still have not returned to their 2008 levels, while the bottom 50% suffered a severe blow in 2008, experiencing a "night" back to 50 years ago, and are still struggling at 1970s levels today.