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You are changing your positions. You have a problem with the poor and middle classes not improving fast enough - then it is pointed out that the 99% average wages were down, that median household wealth is down and you deflect away and refuse to admit that this is a problem....
Actually wealth is up 19% from all time highs. But then again, I already told you that. Keep pushing the liberal talking points. Besides, you quoted me from last year proving I was saying the same thing then as I am now.
Actually wealth is up 19% from all time highs. But then again, I already told you that. Keep pushing the liberal talking points. Besides, you quoted me from last year proving I was saying the same thing then as I am now.
You sure about that?
Changes in Wealth Inequality
The median household in 2013 had a net worth of just $56,335 -- 43% lower than the median wealth level right before the recession began in 2007, and 36% lower than a decade ago.
The median household in 2013 had a net worth of just $56,335 -- 43% lower than the median wealth level right before the recession began in 2007, and 36% lower than a decade ago.
If a liberal says it, its more often than not, a lie..
so why dont you show us why its a lie? I mean really, he provides some numbers, prove them wrong.
I expect you can show them to be inaccurate, but I dont believe you can show them to be wrong. IE 40% lower instead of 43%, but thats due to how the source material estimated values before they were released. Heck it could be 45% just as easily.
Just saying"you lie" is a nice sound bite, but it really isnt worth saying unless you can show people why or how.
For years now, the wingnuts have been telling us how it was just the administrations' QE propping up the stock market - that the recovery of the stock market was just an illusion, that US companies were not doing well enough to justify the higher stock prices, and that once QE ended stocks would crash back to where they were 5 years ago because "the economy was not recovering".
Well, the Fed announced today that they were starting scale back QE in January - and, the stock market shot up - ending the day in record territory with the DOW up nearly 300 points, the S&P up nearly 30 points and the NASDAQ up nearly 50 points.
Oppps!
Gold, on the other hand got clobbered - as I said it would.
Hmmmm.... could it be that all the nonsense about the stock market simply being propped up by QE was just that - nonsense?
so why dont you show us why its a lie? I mean really, he provides some numbers, prove them wrong.
I expect you can show them to be inaccurate, but I dont believe you can show them to be wrong. IE 40% lower instead of 43%, but thats due to how the source material estimated values before they were released. Heck it could be 45% just as easily.
Just saying"you lie" is a nice sound bite, but it really isnt worth saying unless you can show people why or how.
He was commenting on lovehiscountry's post unless I am mistaken. Finn made a claim. It should be noted, a claim with nothing to support it. lhc......provided information with corresponding facts to show differently.
The median household in 2013 had a net worth of just $56,335 -- 43% lower than the median wealth level right before the recession began in 2007, and 36% lower than a decade ago.
After a fairly tumultuous period, wealth per adult has fully recovered, and is now 19% above the 2006 level. Despite the forthcoming termination of quantitative easing, the US economy is doing well. There is uncertainty about whether the stock market will continue to rise, but otherwise the signs are positive for household wealth in the immediate future.
The USA is unusual in having a very high proportion of assets (70%) reported as held in financial form, partly because it includes business equity wholly as a financial asset. Adopting the more usual procedure of treating unincorporated enterprises as part of the household sector, the share would be about 62%, which is still relatively high.
The USA has a larger number of active shareholders than most other countries. Also, compared with many other OECD countries, it has relatively more economic activity in the private sector than the public sector, and more outward foreign investment – both of which rely partly on financing by households. Debts of USD 57,800 per adult are not extreme by international standards. Compared to wealth distribution in the rest of the world, the USA has a high proportion of the population with wealth above USD 100,000.
The percentage of people with wealth at higher levels is even more disproportionate. The USA has by far the greatest number of members of the top 1% global wealth group, and accounts for 41% of the world’s millionaires. The number of UHNW individuals with wealth above USD 50 million is eight times that of the next country, China.
Isn't it refreshing to read a study which is not politically biased?
Last edited by Finn_Jarber; 10-22-2014 at 11:26 AM..
[SIZE=2][SIZE=2]After a fairly tumultuous period, wealth per
adult has fully recovered, and is now 19% above the 2006
level. Despite the forthcoming termination of quantitative
easing, the US economy is doing well. There is uncertainty
about whether the stock market will continue to rise, but
otherwise the signs are positive for household wealth in the
immediate future.
The USA is unusual in having a very high proportion of
assets (70%) reported as held in financial form, partly because
it includes business equity wholly as a financial asset. Adopting
the more usual procedure of treating unincorporated enterprises
as part of the household sector, the share would be about
62%, which is still relatively high. The USA has a larger number
of active shareholders than most other countries. Also,
compared with many other OECD countries, it has relatively
more economic activity in the private sector than the public
sector, and more outward foreign investment – both of which
rely partly on financing by households. Debts of USD 57,800
per adult are not extreme by international standards.
Compared to wealth distribution in the rest of the world, the
USA has a high proportion of the population with wealth above
USD 100,000. The percentage of people with wealth at higher
levels is even more disproportionate. The USA has by far the
greatest number of members of the top 1% global wealth
group, and accounts for 41% of the world’s millionaires. The
number of UHNW individuals with wealth above USD 50 million
is eight times that of the next country, China.
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#1 your link doesn't work, and even if it did....
#2 you're comparing the average wealth vs's the median. You are actually helping him prove his point.....
After a fairly tumultuous period, wealth per adult has fully recovered, and is now 19% above the 2006 level. Despite the forthcoming termination of quantitative easing, the US economy is doing well. There is uncertainty about whether the stock market will continue to rise, but otherwise the signs are positive for household wealth in the immediate future.
The USA is unusual in having a very high proportion of assets (70%) reported as held in financial form, partly because it includes business equity wholly as a financial asset. Adopting the more usual procedure of treating unincorporated enterprises as part of the household sector, the share would be about 62%, which is still relatively high.
The USA has a larger number of active shareholders than most other countries. Also, compared with many other OECD countries, it has relatively more economic activity in the private sector than the public sector, and more outward foreign investment – both of which rely partly on financing by households. Debts of USD 57,800 per adult are not extreme by international standards. Compared to wealth distribution in the rest of the world, the USA has a high proportion of the population with wealth above USD 100,000.
The percentage of people with wealth at higher levels is even more disproportionate. The USA has by far the greatest number of members of the top 1% global wealth group, and accounts for 41% of the world’s millionaires. The number of UHNW individuals with wealth above USD 50 million is eight times that of the next country, China.
Isn't it refreshing to read a study which is not politically biased?
If you believe more wealth in the hands of the 1% because of the governments policy is a good thing, then yeah, this is refreshing.
If you believe more wealth in the hands of the 1% because of the governments policy is a good thing, then yeah, this is refreshing.
Actually it says nothing about government policy. It simply says the average wealth has recovered (+ some) since its peak in 2006. I said it is refreshing to read something without political bias, and you rush in to insert the bias.
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