Change in US net worth , by age

Question

Thanks a bunch &#xD;&#xA;https://www.zerohedge.com/news/2013-12-17/change-us-net-worth-age-group

rick3117 · Answer

Thanks a bunch &#xD;&#xA;https://www.zerohedge.com/news/2013-12-17/change-us-net-worth-age-group

djbrow · Answer

I love an opinion piece that commences by addressing problematic policies of the last 5 years, but uses a graph illustration from 1983 for its statistics. &#xD;&#xA;You can&#x27;t make this stuff up.

captjohn67 · Answer

things are going well...the govt told me so

rick3117 · Answer

[Quote: Originally Posted by djbrow] &#xD;&#xA;&#xD;&#xA;I love an opinion piece that commences by addressing problematic policies of the last 5 years, but uses a graph illustration from 1983 for its statistics. &#xD;&#xA;You can&#x27;t make this stuff up. &#xD;&#xA;[/Quote]&#xD;&#xA;You have to read it pretty closely to follow. &#xD;&#xA;By now it is a well-known fact that the Fed&#x27;s monetary policies over the past 5 years (and really ever since Greenspan unleashed the Great Moderation) have been very successful at one thing: transferring wealth from the US (and global) middle class and handing it over to the already wealthiest strata of society&#xD;&#xA;https://en.wikipedia.org/wiki/Great_moderation&#xD;&#xA;In economics, the Great Moderation refers to a reduction in the volatility of business cycle fluctuations starting in the mid-1980s, believed to have been caused by institutional and structural changes in developed nations in the later part of the twentieth century.[1] Sometime during the mid-1980s major economic variables such as real gross domestic product growth, industrial production, monthly payroll employment and the unemployment rate began to decline in volatility.[2]&#xD;&#xA; &#xD;&#xA;If you weren&#x27;t so ready to dismiss anything that I post you might actually learn something.

rick3117 · Answer

nothin?

djbrow · Answer

Haha.&#xD;&#xA;It has nothing to do with you. It is the article. It starts by suggesting that recent (last four years) policies have created this situation, but uses a bar graph for the last 30 years to show the changes. &#xD;&#xA;The argument presented may very well have merit but the methodology that it employs is comical.

Change in US net worth , by age

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