RT The Kobeissi Letter (@KobeissiLetter)Low-income earners are struggling:The 3-month average of the bottom 33% of Americans' after-tax YoY wage growth dropped to 0.9% in August, the slowest pace since 2016.This is a significant decline from the +3.0% seen at the beginning of the year.At the same time, the top third saw +3.6% YoY growth, the highest since November 2021.In other words, top earners’ wages are growing 4 TIMES faster than those of low-income consumers.By comparison, middle-income earners’ salar ...

The Wealth Gap was created by design to divide the massesReligionRaceSexPoliticsWill always be an issue but would be a less of an issue if everyone have a access to obtain wealthThe accredited investor law must go.The Kobeissi Letter (@KobeissiLetter):Shocking stat of the day:The bottom 50% of US households now hold just 2.5% of total US wealth.History says rate cuts with stocks at record highs will lead to even more record highs 12 months from now.Asset owners will party and the wealth gap will widen.Espec ...

In Indonesia and elsewhere, export manufacturing helped narrow the wealth gap with the West, creating a consumer class, but that transformation has stalled https://t.co/GRNPtRu44P ...

New York’s richest residents are wealthier than ever, even as Zohran Mamdani pushes to close the city’s wealth gap https://t.co/PWwYhyzVZX ...