It could be: people in other countries are getting richer, and Americans are getting poorer. After all, there are 6 billion people in the world and the population in US is about 0.4 billion.
The linked article says it's because of stock market appreciation, and "Yet just 10 percent of the U.S. population owns 80 percent of stock market wealth. ". That's probably why majority of American don't feel getting richer.
actually that doesn't show the whole picture.
if the cost of the item in question...
like computers and other high tech items.
gets cheaper, quicker, than the value of the dollar declines.
then their price goes down regardless
You are absolutely right @everittdmickey liberals only look after their self interest and promoting only those entities which may be benifited them. You will scratch my back and i will your
but if using the dollar - as in this chart - from 1970 until today.....
and the dollar has devalued massively since 1970 - then on that standard - there is no other way for the graph to go.......as it devalues, the 'poverty level' will decrease.
living on a dollar a day in 1970 is not the same as livin' on a dollar a day now..
OMG!🤤
WTF are you doing @everittdmickey?
Posting racist facts like this will get you flagged and downvoted!
You will trigger the #safespace snowflakes!
I walk a fine line...I live on THE EDGE!
nice.
Hmmmm maybe that what God wants
Odin's will
It could be: people in other countries are getting richer, and Americans are getting poorer. After all, there are 6 billion people in the world and the population in US is about 0.4 billion.
ya think?
Americans' net worth up 1.4 percent to $94.8 trillion
The linked article says it's because of stock market appreciation, and "Yet just 10 percent of the U.S. population owns 80 percent of stock market wealth. ". That's probably why majority of American don't feel getting richer.
actually that doesn't show the whole picture.
if the cost of the item in question...
like computers and other high tech items.
gets cheaper, quicker, than the value of the dollar declines.
then their price goes down regardless
Computers...for example.
You are absolutely right @everittdmickey liberals only look after their self interest and promoting only those entities which may be benifited them. You will scratch my back and i will your
you misunderstand.
the chart merely depicts what it WAS
and what it IS.
but if using the dollar - as in this chart - from 1970 until today.....
and the dollar has devalued massively since 1970 - then on that standard - there is no other way for the graph to go.......as it devalues, the 'poverty level' will decrease.
living on a dollar a day in 1970 is not the same as livin' on a dollar a day now..
Just sayin'...
hmmm.
math hard.
but I think you have it backwards.
math hard . i think you are correct. - in how I described it ... lmao
my logic Is correct, honest...
ok lets say (for sake of argument, and prob close to accurate), $1 in 1970 is now the same as $15 dollars today....
We need to see how many people live on $15 a day or less
That will change the numbers now in 'poverty greatly - and is far more accurate.
My logic was correct - but my initial description was woefull ! lol
I knew there was sense in there... somewhere...
my head hurts.
IT's YOUR FAULT.
I'm gonna go pout.
😂😂😂