My take on a variety of topics that are shaping the U.S. in the 21st century.
Monday, July 24, 2017
The Rich Get Richer
Data from Facundo Alvaredo, Anthony B. Atkinson, Thomas Pikkety, Emmanuel Saez, and Gabriel Zucman, The World Wealth and Income Database, April 5, 2016.
The U.K. is being similarly affected. Forecast graphs show the richest getting much richer, and the poor becoming poorer. It now takes twenty years for an average Brit to save for a deposit on a house. In 1997, that figure was just three years. http://www.businessinsider.fr/uk/uk-house-price-deposit-mortgage-england-london-resolution-foundation-2017-2/
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The U.K. is being similarly affected. Forecast graphs show the richest getting much richer, and the poor becoming poorer. It now takes twenty years for an average Brit to save for a deposit on a house. In 1997, that figure was just three years.
http://www.businessinsider.fr/uk/uk-house-price-deposit-mortgage-england-london-resolution-foundation-2017-2/
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