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Personal Finance Topics / Macroeconomic Trends and Risks
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Author: tjscott0   😊 😞
Number: of 3852 
Subject: Re: Can the Wealthy & Well Off Drive the US Econom
Date: 10/31/25 1:03 PM
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A question for those following this thread.
Are at least 50% of Americans living in a second class nation very separate from the professional class & elites?

First let's stipulate that income mobility has declined in the USA.
https://news.yale.edu/2025/02/20/tracking-decline-...
Chetty used a series of maps and charts to reveal the dramatic decline in upward mobility in the U.S. (especially for kids in low-income families)

while more than 90% of children born in 1940 went on to earn more than their parents did — a cornerstone assumption of the American dream — children born in the middle of the 1980s only have a 50-50 chance of doing better than their parents.

that this is no longer a country where it’s easy to get ahead, even through hard work,” Chetty said.


Things are just fine for those in the upper strata. 2009 was more than a blip but easily recoverable. Likely many Americans did not fully recover from 2009.
The upper strata controls business, government, & the media. And they report that the economy & unemployment & existing wages &housing are fine and dandy.
Yep for them.
Education, healthcare, housing and now new vehicles are incredibly expensive!
Very hard if not impossible for some to attain. And for those that did manage to get that sheepskin housing & vehicle costs plus college debt decimates their income. They may attain the living standard their parents had/have but likely at least a decade later.
For the unwashed, this is not a nation to live or the life they wish to lead.
2016 & 2024 presidential elections were a call of dissatisfaction with the current state of affairs.
Many are appalled that such an individual be elected let alone re-elected. That once he is gone-business as usual can continue. Fine for them. And I don't see any establishment politicians calling for any change except for the removal of the person in the Oval Office.
But I don't believe the status quo will cut it with the masses. And if change cannot be had at the ballot box; the streets will call to them.
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