wealth effect

Solution To Wealth Inequality

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Weakness in real median income is the backbone of the income inequality debate because if median incomes are increasing people don’t care as much about how well the rich are doing. If people have jobs and are getting raises, they aren’t willing to protest. If they are getting real pay…CONTINUE READING

What Happened To Your Savings?

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The United States and its citizens are generally not known to be the world’s biggest savers, not for the last few decades at least. The current rate of savings is 5.5% in the United States. Other countries grab the distinction with savings in low double digits. While some may immediately get…CONTINUE READING