Each bubble has progressively grown larger as incomes have stayed static. People feel wealthy, but it’s only a feeling

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via @OccupyWisdom :

THE WEALTH DEFECT

Household net worth now 700% or 7X the amount of disposable income of the household. This is the direct effect of “asset” price inflation.

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Each bubble has progressively grown larger as incomes have stayed static.

People feel wealthy, but it’s only a feeling

 

 

 

 

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