Peter Atwater, adjunct professor of economics at William & Mary and president of Financial Insyghts, knows a thing or two about the K-shaped economy. Anonymous Twitter user “Ivan the K” introduced the idea of a “K recovering” following the pandemic, a gloomy outlook where some elements of life before COVID would recover, while some will not. Atwater popularized it.Atwater credits Ivan the K for the coining the term, but said he was the first to run with it, publishing a series of pieces in 2020 about the gr ...

Retail deserves the same access to investments, banking, loans, and everything else that accredited investors have.The wealth gap in America is widening causing more turmoil than we already have, ...

Hollywood may look glamorous, but Travis Shakespeare says it mirrors America’s widening wealth gap. From AI’s rise to shrinking jobs and huge debt, he exposes how success doesn’t guarantee stability. In this episode of Living Not So Fabulously, Travis explains why creating your own intellectual property may be the smartest money move of all. For full episodes of Living Not So Fabulously, listen on your favorite podcast platform or watch on our website: https://finance.yahoo.com/videos/series/living-fabulous ...

Core Insights - The wealth gap in America is increasingly characterized by a significant rise in the wealth of older Americans, particularly those aged 75 and over, contrasting sharply with declines in wealth for younger age groups [2][3][4] Group 1: Wealth Trends - From 1983 to 2022, Americans aged 75 and older saw their average wealth increase by 81% in inflation-adjusted dollars, while all other age groups experienced a decline in their average net worth relative to the overall mean [3][4] - The study highlights that the elderly are not uniformly wealthy but represent a group of "hidden millionaires" whose relative wealth has surged compared to younger cohorts [4] Group 2: Homeownership and Debt - Homeownership rates for Americans aged 75 and over increased by 11.5 percentage points from 1983 to 2022, while younger households saw their homeownership rates remain flat [5][7] - The debt-to-net-worth ratio for the 75 and over group fell to a low of 3.2%, in stark contrast to 65.4% for those under 35, indicating a significant difference in financial stability [7] Group 3: Investment and Stock Holdings - The value of stock holdings for the 75 and over group surged, with their stock portfolio growing from 0.56 times the national average to 3.47 times the national average over the same period [7]

NOT EVERYONE WILL BECOME A MILLIONARE AT ANY AGEThis is a harsh but fair and honest take.I'm not a fan of AI, stablecoins (CBDCs), or digital IDs.They are coming, so prepare the best you can.Mayne (@Tradermayne):This used to be true but not anymore.The entire world financial ponzi is collapsing.AI is taking over and the wealth gap is going be so large that upward economic mobility will no longer be possible.With the implementation of digital IDs, social credit scores and carbon ...

Core Insights - Corporations benefit from tax code advantages, allowing them to pay lower effective tax rates compared to average American families, leading to feelings of resentment among the middle class [1] Tax Benefits for Middle-Class Families - If middle-class households could access the same deductions as corporations, their tax bills could decrease significantly, potentially saving thousands of dollars annually [3] - With reduced tax liabilities, families could invest more in retirement accounts, college savings, or debt repayment, enhancing their financial security over time [4] Impact on Wealth Inequality - Leveling the tax playing field could help redistribute wealth, providing middle-class families with more opportunities to save and invest, which may narrow income inequality [5] Policy Considerations - Implementing corporate-style tax breaks for all households could drastically reduce government tax revenue, potentially affecting funding for essential services like Social Security and Medicare [6] - Specific modeling indicates that for a household income of $80,000, an additional $20,000 in deductions could lower the federal tax bill by approximately $2,400, reducing the effective tax rate from over 7% to about 4% [6] - Similar deductions for households earning $100,000 and $120,000 would yield comparable savings, lowering their effective tax rates to 5.6% and under 7%, respectively [6]

Wealth Inequality - Inequality 2.0 is alive and well in the American economy [1] - American capitalism is competitive, productive, and resilient [1] - A persistent wealth gap is authored by American capitalism [1]

Have you ever questioned the nature of your reality. That was one of the opening lies in the science fiction series Westworld posed to Dolores, an AI powered robotic and the main female character who later developed human consciousness. So I ask you, have you ever questioned the nature of your reality.That involves having human consciousness, understanding your identity, and asserting your self authority to write your own life story rather than allowing others to program it for you. Today, AI is evolving at ...

RT Xeer (@Xeer)hot take: 10m is definitely enough to retire in Singapore. wealth gap is real. ...

Social Commentary - The industry observes discussions about retirement savings among individuals, noting a disconnect between aspirations and current financial status [1] - The industry highlights a debate on whether 10 million is sufficient for retirement in Singapore, acknowledging the wealth disparity [1]