It's pretty obvious that the rich are getting richer. We live in a country that makes that possible (maybe that will change in the next few years). But are the poor really getting poorer?
Hmm...the bottom quintile has averaged 3.9% growth. Not exactly getting poorer.
According to the US Census Bureau, the number of households making $25,000 to $75,000 has decreased from 48.2% to 44.3%. The number of households making less than $25,000 decreased from 28.7% to 25.2% while the number of households making more than $75,000 increased from 23.2% to 30.4%.
Sounds a lot like the poor are actually getting richer.
2 comments:
EVERYONE is going to be poorer if all this junk goes through.
And those among the poor who complain they are getting poorer are doing the same things that have always made the poor poorer. The rich who are getting richer are doing the same things that make the rich richer.
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