10-10-2011, 11:28 AM
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StraightBro
Industry Role:
Join Date: Aug 2003
Location: Monarch Beach, CA USA
Posts: 56,229
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Quote:
Originally Posted by Robbie
No, it just says in "2007 dollars" It doesn't give the actual income of all those groups.
And I wasn't looking to defend anything. Just pointing out that stats and graphs can be skewed to make things look "worse" or "better" than they really are.
I do know that the 80's, 90's, and 2000's were decades of prosperity in the U.S. that are unparalleled in history. That's what I was pointing out. That chart does not show the whole truth.
Most working people with real jobs were making a living better than ever before for the last 30 years. Unemployment was low. The dollar had many years that it was pretty damn strong too.
This country had a helluva run. And as I said...people that made a great salary were able to buy nice cars and homes and even invest just a bit. But nothing on the scale of the people who PAID them.
Those people had a lot more income to invest over the last few decades. And that money has grown exponentially.
Of course...another thing those charts don't show...is the fact that those "rich" people LOST trillions of dollars when the market and world economy took a dive. Not saying that it bankrupted them. Just saying that all of the wealthy people who had a lot of money invested in the stock market, took a pretty hard beating. Yeah, they're still rich (if they were smart). But what's wrong with that?
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Please post links to that data thank you
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