U.S. Wealth Inequality
Yes, I realize that had I pursued the traditional course of education and employment, I would have had a better chance of developing 'wealth' than I currently do, but apparently the chances of that happening were akin to a snowball's in hell anyway. Every year the wealth gap widens, with a smaller and smaller percenta...ge of the population earning a larger and larger chunk of what's available. The rich become the super-rich, the middle class erodes away to nothing and the poverty lines grow longer and longer... So glad we bailed out Wall St. so they can keep fleecing us.
The term wealth inequality refers to the unequal distribution of financial assets among a group of people. In the U.S., the top 20 percent of people have 85 percent of the wealth. Harvard professor Michael Norton, co-author of a forthcoming paper on misconceptions about wealth equality, talks to Ste...
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