10-11-19, 04:39 AM
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#7691
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Old enough to know better
Join Date: Dec 2011
Location: Prince Edward Island
Posts: 11,569
Downloads: 136
Uploads: 0
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Originally Posted by Hawk66
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That report from the link quoted is from 2015.
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The Census Bureau released the 2018 Income and Poverty in the United States report. The news is good.
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https://www.realclearmarkets.com/art...od_103941.html
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When income and employment go up, and poverty goes down, that’s unalloyed good. The Gini coefficient is more complicated. It mainly fluctuates based on how financial markets are doing, because top earners depend largely on investments, and those are more volatile than the salaries that underpin middle-class incomes.
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However, 2018 worked for everyone. The economy did well, all the real measures of economic well-being were improved, and the Gini coefficient went down. More money, more equality. But you wouldn’t know it from the headlines.
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__________________
“Two possibilities exist: either we are alone in the Universe or we are not. Both are equally terrifying.”
― Arthur C. Clarke
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