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Survey: Almost 50% of Americans Consider Themselves ‘Broke’ (www.marketwatch.com)

submitted 3 months ago by [email protected] to c/[email protected]

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[–] [email protected] 12 points 3 months ago (1 children)

Sounds about right, when nearly 80% are living paycheck-to-paycheck.

[–] [email protected] 4 points 3 months ago

It's a long-standing theme. Thomas Pikettey claims that, throughout the 20th century, about 50% of people own nothing, 40% own their "stuff" - house & car - and 10% own everything else. And, really, that it's even just the top 2-3% who own the vast majority of that everything-else, except for a brief window after world wars destroyed all the capital, and temporarily put the world into a slightly less unequal condition.