Half of Americans Are Effectively Poor Now. What The?

[sop]

4. But, the stock market is at an all-time high, employment is the highest it's been in 50 years,

and taxes rates on the 1% are the lowest in decades. Things must be going great since the top 10% in this country have never had it so good; they're driving expensive cars, living in gated communities and sending their kids to the best schools. That proves everyone's doing great, doesn't it?

As someone (I forget who, maybe Bernie?) noted about America's economic statistics: it's like putting 99 homeless people in a room with Jeff Bezos, everyone in that room would have an average net worth of well over a billion dollars. On average, we're all rich!