Wealth Inequality - Deepstash

Wealth Inequality

If you just want to have a comfortable life, it is increasingly out of reach. If you earn the minimum wage of $7.25 an hour, you can't afford a two-bedroom apartment anywhere in the US. In 1963, wealthy families had $6 for every $1 of families in the middle. By 2016, it was $12 to $1.

It is very easy not to "look poor." If you have access to credit, you may be poor because you're in debt, but you can buy the same things rich people have, iPhones or vacations. When people can hide being poor from themselves, they don't demand change.

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pai

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The idea is part of this collection:

What Is Opportunity Cost

Learn more about moneyandinvestments with this collection

The impact of opportunity cost on personal and professional life

Evaluating the benefits and drawbacks of different choices

Understanding the concept of opportunity cost

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