My kids are in college and high school. They have little money, no wealth. They technically live hand-to-mouth. I assume they will become productive citizens, save money, and eventually will have wealth.
But for statistical purposes there’s 3 Americans with no wealth, while my wife and I seemingly have much more greater and unequal wealth than they do.
Great points.
If you want to see real wealth divisions, look at Venezuela or Brazil, or any African country.
Of course, the countries with the worst wealth distributions have zero interest in publicizing their numbers, so left-wing academics don't have to talk about them.
Yes, and while I question how this statistic is calculated, on the other hand, I absolutely believe the leftist, highly-political, centrally-planned, fiat money governments, most definitely, cause great variances in wealth.
America's present QE/Covid/Fed.gov debt induced inflation is going to make America's wealth disparity much worse.