Something massive and important has happened in the United States over the past 50 years: Economic wealth has become increasingly concentrated among a small group of ultra-wealthy Americans. https://getpocket.com/explore/item/this-cartoon-explains-how-the-rich-got-rich-and-the-poor-got-poor
Dimon said. “Forty percent of Americans make less than $15 an hour. Forty percent of Americans can’t afford a $400 bill, whether it’s medical or fixing their car. Fifteen percent of Americans make minimum wages, […]
Mansa Musa (1280-1337, king of the Mali empire) wealth incomprehensible Augustus Caesar (63 BC-14 AD, Roman emperor) $4.6tn (£3.5tn) Zhao Xu (1048-1085, emperor Shenzong of Song in China) wealth incalculable Akbar I (1542-1605, emperor of […]
Average debt at graduation is currently around $30,000, up from $10,000 in the early 1990s. The country’s outstanding student loan balance is projected to swell to $2 trillion by 2022. https://www.cnbc.com/2019/02/13/a-gop-proposal-would-snatch-your-student-loan-payment-right-from-your-paycheck.html
CNBC’s Leslie Picker breaks down retail investors’ low confidence in the stock market.