Subject: Can the Wealthy & Well Off Drive the US Econom
We know the rich are getting richer & receiving more of the national income thus making income inequality worse.
https://www.mheducation.com/hi...
Yet
https://finance.yahoo.com/news...
Those profits must be coming from somewhere as the working class & middle class struggle.
https://www.stlouisfed.org/on-...
<img src="https://www.stlouisfed.org/-/m..." alt="A column chart breaks down U.S. households by income decile. The shares of households with credit card debt in each decile are as follows: 1st, 28%; 2nd, 40%; 3rd, 50%; 4th, 42%; 5th, 58%; 6th, 57%; 7th, 61%; 8th, 49%; 9th, 46%; 10th, 26%."/>
And where are the corporate profits going? Stock buybacks driving the market valuation higher.
https://www.usatoday.com/story...
The plebes were never needed. Now is the middle class in that category?
Has the the US morphed into a capitalist pre WW 2 British class style society which was reminiscent of feudalism?