Here’s How Much the Average Retirement Account Grew in the Last 10 Years

[M.W.]

The top 1% always win in certain nations simply because the laws, regulations, trends are all heavily influenced by lobbyism by the 1%. If all tax loopholes were closed, the passing of wealth from one generation to the next was properly taxed, private equity holdings were properly taxed, and if proper regulations were enforced to reign in monopolies and oligopolies, and trillions of tax payer fund transfer to the military complex discontinued, then the story would look very different.

There have been real earnings gains.

Whether those were caused by the fed, I don’t know.

If you didn’t participate, then you are poorer than everyone else.

In my blue (read rich) state the top one percent earnings threshold was 500k in 2013. Today that threshold is 1mm.

 

[M.W.]

The story looks very different for the 90% wage earners. Hardly any participation in productivity growth. All those increases went into the pockets of shareholders and the top 5%, hardly any of that ended up in the pockets of those who do the actual work.

https://www.epi.org/publication/charting-wage-stagnation/

until 2021 inflation was almost zero. Then in 2021-2022 it spiked a lot but over 10 years probably not a lot more than the target of 3percent per year. (If even that high).

And justt because there’s inflation doesn’t mean everyone becomes a millionaire. Really smart elitetraders who understand the scam the fed is playing will remain poor.