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| BurrGator Growing old on the VS (98.203.61.45) on 7/28/2014 - 8:29 a.m. says: ( 205 views , 5 likes ) |
"According to the articles, adjusted for inflation those in the 95th percentile" |
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Message Replied To ========== The rich get richer and the poor get poorer.... Who cares right? As long as I got mine, besides, there are more important things to base policy on like hatred for women, muslims, and gheys.
http://www.nytimes.com/2014/07/27/business/the-typical-household-now-worth-a-third-less.html?_r=0 ==============================have seen their wealth increase only by 14% during the ten-year period starting in 2003. Meanwhile, the stock and bond markets are at all-time highs. The year 2003, though, was in the middle of the housing bubble, which explains a good part of the reason why people at the 50th percentile have seen a 36% drop. (They also have very little savings, either in cash or in stocks or bonds.) But the rise before the drop was an illusion created by easy credit. So, in a nutshell, the entire discrepancy mentioned has everything to do with the housing bubble.
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-- Starred by: Mississippi Vol MichiGator Inspector Vol VOLMAN GatorDJ -- 
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According to the articles, adjusted for inflation those in the 95th percentile BurrGator 7/28/2014 - 8:29 a.m.
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