LogFAQs > #911147133

Jagr_68 posted...

What's fascinating about the study is how elementary it sounds when it's all broken down to basically, the poor have way more to gain than middle or high income population.

The problem is though, income growth stalls to next to nothing for lower-middle class Americans at a point due to career fields, education, and location. Meanwhile, the rich only get richer regardless of how little their gains are.

It's because the rich have money in the stock market / assets. When the value of those assets goes up, net worth goes up. When it goes down, like during bear markets (which we are close to entering) then their net worth goes down.

Ultimately the poor and middle class are still making huge gains when you consider all the nuances. That doesn't mean it can't get better. But if we look at the trend, it's not all doom and gloom like you'd expect from reading the common news.
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