Friday 31 January 2020

Snippet 2 -- Net Wealth


"The Council of Economic Advisers (CEA) recently released data showing that from the end of 2016 through the first half of 2019, the net wealth of the bottom 50 percent of American households soared by 47 percent. This is more than three times the rate of increase for those at the top, which rose 13 percent.
Newt Gingrich

Please consider;  A worker earning $50k per year will get a 47% increase of $2.5k.  A CEO (for example) earning $250k per year will get a 13% increase of $32k.
Note:  A 1% increase applied to S250k is $2.5k.


No comments:

Post a Comment