This is a series about what we have seen in the past decade.
An Increasingly Divided United States
Three aspects:
1. The 2008 financial crisis provided a great opportunity for those who had equity while made many others in debt work years to recover. And the tax reform exacerbated the process.
– When we entered the past decade, prices were cheap for a lot of equities, but only for those who can buy.
– Differences were then created when the economy recovered – those who held equities enjoyed it.
– On the other hand, those who can’t buy didn’t share the growth (in any bull markets like stock, housing, etc.)
– Thus, more wealth inequalities were created. Supporting evidences could be found for a graph