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u/Big_Channel_5391 1d ago
What is the source and evidence?
I’m not saying it isn’t true just interested to see where these figures came from
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u/Avalios 1d ago
85% of all statistics are made up on the spot.
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u/LisleAdam12 1d ago
Meaningless statistics are up 22%.
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u/_GirlyEnigma 1d ago
At this point the only statistic I trust is how often people make up statistics
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u/Anticitizen-Zero 1d ago
Chalk this up as another “get people mad at rich people” bot post
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u/BearCub254 1d ago
So you are bringing up a completely unrelated statistic as a response to being asked for evidence on the original post? Lol. Just lol. 'We outright lied but here is something midly related to distract from our outright lie'.
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u/undeniablepod 1d ago
it’s hyperbolic. I think, when ppl put out false statements it hurst causes they might want to support. But if you think there aren’t stats on wealth disparities growing over last 40 years, and we are getting played and robbed worst then the guided age, then I’d suggest a few searches for inflation adjusted numbers
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u/spintool1995 1d ago
Globally disparity has actually dropped. Globalization over the last several decades has most benefited the global poor, who have seen their incomes and standard of living rise dramatically. That's the bottom 60-70% and they have absorbed the lionshare of the increase in global prosperity.
The other big beneficiary has been the global 0.1% whose income benefits from network effects. This includes CEOs, global finance leaders, and the upper middle class that supports them and even actors and singers. When your market is now global instead of national, you can make much more without doing more work.
The people in between, mostly developed country middle class to working poor (who on a global basis are still in the top 25%) have grown much slower while the global poor are closing the gap with their big gains.
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u/jennmuhlholland 13h ago
Another day, another low effort garbage post on SipsTea.
The numbers in that post don’t add up. Real global GDP has grown several times over since 1970, but population roughly doubled too, so the relevant measure is real GDP per person — and that has roughly doubled or more, not risen a measly 8%. Extreme poverty has collapsed for hundreds of millions of people, especially across Asia, and ordinary living standards such as food, electricity, phones, health, lifespan are dramatically better for most of the world than they were in 1970. Yes the very richest have done extremely well, often through assets and entrepreneurship, but that doesn’t turn growth into zero-sum theft. The rich getting richer doesn’t make you more poor. Most of the extra output is new production, not something stolen from everyone else. The “it will never reach you” line just doesn’t match the data.
So much stupid on Reddit.
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u/Healthy-Dress-7492 1d ago
If you cut out all of the distractions and bullshit the underlying problem is simple- all of the wealth is being extracted and concentrated at the top. Which by the way, is the system working as intended.
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u/Cnokeur 1d ago
People when capitalism makes capital bigger
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u/overfiend1976 1d ago
Most Americans: "We love capitalism!!"
Me: "But.... like. .. why? You have zero capital. You're just a consumer. The capitalists own your car, your house, your land. You're just allowed to use them. Of you don't believe me, you might wanna look up eminent domain."
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u/RedNBlueFU 11h ago
Eminent domain is a government problem, not a capitalist one.
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u/Temporary_Struggle68 14h ago
You don't have to be rich to benefit from capitalism. It allows ordinary people to own property, invest, start businesses, and build wealth. Millions of Americans own homes, cars, and stocks. And eminent domain is a government power, not a capitalist one. If anything, it demonstrates government interference with private property rights, not a failure of capitalism.
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u/5ofDecember 1d ago
Average person where, or not american are not persons? I pretty sure average Chinese/Indian and 80% of the world is somewhat richer that 8%.
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u/90_oi 1d ago
Does this math actually check out, or is this just sensationalism and flashy numbers to make it seem like their statement has merit
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u/rintzscar 1d ago
Of course it doesn't. It's completely fake.
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u/90_oi 1d ago
Not suprised
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u/prsnep 1d ago
You're not surprised that an evidence-less statement was countered by another evidence-less statement?
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u/Comfortable-Arm3452 1d ago
I’m always curious if real people post these same dumb memes or if it’s just Reddit in general trying to push a narrative. It’s like every other post on this site is some class war/gender war slop
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u/cheesesprite 1d ago
Bots. Bots everywhere
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u/Comfortable-Arm3452 1d ago
Everyone was laughing about the data centers in Russia wiping out the Elon/right wing bots but I’ve noticed there’s far less “eat the rich” upvoted 2,000x on these posts the last few days too.
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u/JediOrDie 1d ago
They don’t share. They just hoard wealth and ownership.
If they are giving away free stock you can be sure it’s in some way for their own benefit.
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u/anarchistright 1d ago
How do you acquire wealth if not by voluntary trade?
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u/bndg89 1d ago
Monopolies, crony capitalism, state subsidies, lobbying for regulatory barriers to entry for your competition, kleptocracy, misallocation of privatised state assets, fraud... I could go on
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u/GeneralKosmosa 1d ago
World poverty also dropped from 60% of global population being considered impoverished to just under 10% - but I guess that statistic doesn’t fit your narrative does it?
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u/waruyamaZero 1d ago
What helps in the calculation is that population has stayed constant since the 70s.
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u/KingTuts-Nuts 1d ago
The world has more then doubled since 1970 population wise
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u/waruyamaZero 1d ago
I know, I was being sarcastic.
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u/KingTuts-Nuts 1d ago
You never know. Even though the world's population doubled the amount of stupid being has grown even more.
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u/Select-Government-69 1d ago
It follows the square cube law, so every time you double the population the amount of stupid squares
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u/JasonG784 1d ago
Man, reddit is all bots and npcs. 1k upvotes, all the top comments rightly calling out this being false. Amazing.
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u/cutmetal1 23h ago
Im anti communist anti socialist and im not happy about this either. The anti-monopoly laws and conspiracy to gouge laws aren't being enforced because politicians are being bought which is also against the law. We got the laws, just need to learn how to enforce them.
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u/Least_Art5238 22h ago
Adjusted for inflation, global GDP per capita has more than doubled since 1970, so the average person is considerably better off than they used to be. The "only 8% richer" claim is simply false.
That doesn't mean the gains were shared evenly. A well-documented statistic is that of all the wealth created globally since 1995, the top 1% captured about 38% and the bottom 50% captured about 2%.
The top 1% and 0.01% growing far faster than average is almost certainly likely but verifying the 4000% number seems hard.
What is patently obvious: the ridiculously wealthy have outsized influence on US politics and policy. We don't need to invent a story that the average person has gained nothing to make that case.
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u/Dry-Regret5444 1d ago
Soooooo, this person is acknowledging that people are better off overall, but there’s still a problem due to someone else having more money than they do.
Sounds like entitlement and petty jealousy to me….
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u/rintzscar 1d ago
This is nonsense. The average person's real wealth has grown by about 400% since 1970.
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u/ninjasaid13 1d ago
The 400% figure likely fails to account for inflation and population growth.
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u/ProfessorPrudent2822 1d ago
That math doesn’t make sense. What does make sense is that much of the wealth went into growing the population, which has doubled since then.
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u/Effective_Purple1054 1d ago
Still we have the best time ever to live for average person.
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u/ThatsMrRandom 1d ago
A meme that debunks itself. Real wages (wages adjusted for inflation) have increased for every income group since they started tracking it in the 70s.
Standard of living is better for everyone.
Most people in the bottom 10% end up in the top 10% than stay behind in the bottom (income mobility). The rich and poor are not enduring classes.
So what, you'd rather people be stuck back in the 70s making less because of some arbitrary feelings like the rich don't have more money so it's more fair? This is like the studies where they offer people $1,000 but the person they hate gets $10,000. Or they can get $500 but the person they hate gets nothing. Most people choose the $500 because humans are full of envy and animosity. The eat the rich class just hates the idea some people have it greener on the other side. Some serious low quality people who I find no redeeming qualities in.
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u/rovonz 1d ago
Wealth inequality has been growing at exponential rate in the last half decade. Yes, the pie grows for everyone, but some take exponentially more pie than others and at any given moment that is a zero sum game.
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u/ThatsMrRandom 1d ago
Wealth inequality is a meaningless statement and also quite misleading when you understand how "wealth" is even calculated.
The pie grows because people who produce are creating it. It doesn't just magically fall out of the sky. If they didn't produce, the pie wouldn't get bigger.
Then say you own a huge factory with equipment inside of it worth hundreds of millions of dollars. That's not money. That's "wealth". But the value of it is only in what that equipment is capable of producing. Most wealth is tied up in what are called "capital goods" (what businesses use to produce goods for others). So in no reality could you mathematically equalize wealth, as you can't take a big machine, cut it up into a thousand different pieces, and distribute it to people. There's no such thing as redistribution of capital goods. So the bigger the pie grows, the more capital goods there are, the more you see this disparity, but the more everyone's lives get better. There's no version of this where this doesn't happen, unless you want to punish production and make everyone worse off under the guise of making people more "equal".
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u/Alternative_Owl5302 1d ago edited 1d ago
In this case the ‘average person’ chose to be dumb and chose financial illiteracy.
This because any investment in an index fund would have received 3700% gain in this period. The so-called average person would have the same percentage gain as the billionaire mentioned. Anybody can invest.
Edit: 39000% not 3700%
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u/lemonyishbish 1d ago
Yes, everyone can invest and make passive income off each other all the time. You solved it!
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u/Former-Store-695 1d ago
Sure, bruh, an average joe just has to not eat for 56 years, it’s that easy.
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u/Alternative_Owl5302 1d ago
So calc at any time you want. Basic arithmetic. Compound interest. Understanding and using it is the difference between rich and poor. The moment one understands it they will get on the rich path.
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u/Alzucard 1d ago
Thats not how this shit works.
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u/TheTechnicalTrader 1d ago
It literally is
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u/Lollerpwn 1d ago
No if me and a billionaire do that same investment that billionaire is getting richer than me exponentionally
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u/Alternative_Owl5302 1d ago edited 1d ago
No! Each gains exponentially at the same percentage rate for the same investment such as index funds. Investing is the great equalizer.
The lesson is very important. Compound interest over a long period of time creates wealth for anybody regardless of starting rich or poor.
$10,000 invested in 1970 would be $3.9million today.
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u/Shebalied 1d ago
This is misleading economic math dressed up as an argument.
This is stupid. This person never went to college; you don't use averages with reporting, you should be using the median.
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u/Hot-Philosophy-7671 1d ago
I have an old high school friend who is now an economics professor. We've sparred on inequality issues many times. Once, he said, "what are you afraid of; we aren't going to run out of dollars."
I said it's more like wealth measures are a thermometer. 99.99% of people are freezing to death while just a few people are warm and toasty. Wouldn't you want to figure out a solution to the freezing-to-death problem?
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u/BirthdaySalt5791 1d ago
You should listen to your friend. Wealth is not a fixed sum, it’s created every day by combining labor, natural resources and human ingenuity. The wealthy aren’t stealing money from you, the companies and initiatives they own/operate create new value. Poverty is the issue, inequality is largely meaningless on its own.
Also just a heads up, the numbers in the original post are complete bunk. If total global wealth grew by 700% (which is an 8× increase) and global population grew from 3.7 billion in 1970 to ~8 billion today (a 2.16× increase), the true global mathematical per capita average grew by approximately 270% not 8%.
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u/Artorius__Castus 1d ago
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u/ProfessorPrudent2822 1d ago
I didn’t listen to Carlin, and I’m richer for it. Anyone putting their entire retirement savings into Treasuries (which Social Security does) is stupid, because it’s guaranteed to lose. The stock market, on the other hand, puts corporate profits in your pocket.
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u/Limpliar 1d ago
Idk went to school, had one of the highest gpas in my graduating class, got a job at one of my top 3 companies because I did internships while in school along with my gpa and now make over 200k a year after being with the same company for 10 years. All that with over 100k in student loans which I make payments on and live comfortably. Make the world work for you and quit bitching for someone to hand you something.
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u/grillguy5000 1d ago
This is a viable path for 100% of the earths population in your estimation then? After all it’s not survivorship bias…if YOU can do it literally anyone on earth can…right? No other variables exist that would change tgat outcome…got it.
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u/Kulthos_X 1d ago
There aren’t 300 million jobs paying $200k a year. Most people will make much less because that is all there is available.
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u/SimilarTranslator264 1d ago
200K is just a number and is meaningless without context. In certain parts of the country half that amount would get you a better lifestyle than 200k in a major city.
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u/OrdinaryNo2959 1d ago
But it’s easier to be a victim and complain on reddit all day that the “billionaires” are the reason your life sucks.
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u/warfighter187 1d ago
brother believes one anecdote means everybody else can also be making 200k easily if they just worked a little harder.
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u/Limpliar 1d ago
No, “working hard” has little to do with it. But working smart has a lot. I researched career fields in HS, neither of my parents went to college, found one that had a could starting salary base, roughly 70k. Saw what schools people were going to and how they were getting in, followed exactly what they did and showed up consistently, put myself into 6 digits of debt, but knew what I needed to do to make that viable and did it. Working hard had little to do with it I’m a gamer and shit I just didn’t switch majors 7 times or go to school for a degree that leads to nothing. Some degrees have paths to legit jobs but people don’t pick them because their “hard”
Like I just did everything my teachers, employers and so on asked me, exactly the way they asked me to do it. As much as I possibly could. Every assignment has direction, every task at work has instruction, idk just spend more time accomplishing those things, but I’m not some hard ass worker or anything, I’m consistent
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u/Emergency_Brother941 1d ago
If you actually had one of the highest gpas you’d understand that everybody can’t have one of the highest gpas, that’s impossible
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u/PM_ME_UR__SECRETS 1d ago
My experience could nearly 1:1 mirror yours except that I make less than a quarter of what you do, and largely live paycheck to paycheck because of unavoidable debts that have us treading water.
I'm not saying your experience is invalid, and I'm happy you've build a comfortable life, truly. You do deserve it. But I am saying its just one experience among many.
Consider that quite a lot of people work just as hard as you, or harder, and still are struggling to get by.
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u/Ok-Note-754 1d ago
It's survivorship bias. He's convinced everyone can follow his path if they work hard enough but that's simply not how the world works. Not everyone has skills that align with the top-paying industries regardless of how hard they work, and there aren't an infinite number of 200k jobs for people to fill.
There's some truth to what he says but it completely ignores external factors that act as barriers to some people. Not everyone draws the same cards at the start of life but if you begin with AA or AK winning's a lot easier than if you draw 27. Working hard is important and admirable but it's just one of many factors at play.
And tbh, it's probably partly because he's this single minded and lacking in empathy that he's done this well. Those are traits that corporate America rewards.
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u/ChadWestPaints 1d ago
Bummer about all those people doing jobs that are essential for society to keep functioning and arent paid enough to live, I guess
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u/Uncle_Steve7 1d ago
I didn’t get an internship but eventually got the 200k+ in my 30s. Living comfortable af, don’t care about billionaires. Make life work for you
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u/montxogandia 1d ago
you are just a puppy slave for them, you have dedicated all your life to be productive to them, no to live your actual life.
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u/Limpliar 1d ago
All my life? I am a hybrid Monday thru Friday worker, onsite maybe 3 days a week, always home by 3 if I had to be there, every other Friday I have completely off, I get 3 weeks paid vacation and if I decide to go online when nothing is going on when I’m off I can charge that time and save pto. I’ve literally never even used all my time off I feel it’s so generous. That doesn’t include all the benefits, also I get to ride in helicopters sometimes too, which is super neat.
These chains sure do bind me.
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u/No-Extent8143 1d ago
So what would you suggest for someone that were not able to go to school for reasons beyond their control?
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u/TheGloriousEv0lution 1d ago
I was a shitty high school student. Start with community college then transfer to a good state university (private universities are a financial trap). Being poor can even be a bonus because FAFSA paid for most of my semesters, and sometimes I had a little surplus
You have options if you’re willing to put the time and effort in
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u/SimilarTranslator264 1d ago
Reddit is such a shit hole, you got downvoted for saying exactly how you made it because it doesn’t fit the narrative this sub likes. They only like it when they can blame somebody else for their failures.
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u/TheGloriousEv0lution 1d ago
It’s like the incel community. Some spaces just want to be miserable and blame everybody else for their lack of success
Would be a lot easier to just be born rich, but moving up financial brackets isn’t unobtainable
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u/Opeth4Lyfe 1d ago edited 1d ago
Get a job somewhere where there is potential for moving up and work your way through the ranks to a better paying position?
Get into trades which are in very high demand where apprenticeships and on the job training are still a thing?
I never went to college. Barely made it out of highschool with a GED, never stepped foot on a university campus even though I had the option to have my college tuition paid for. Never figured out what I wanted to do for a career and just started working. Currently on track for 90k/yr + bonus managing a 13m/year revenue restaurant where I started as a host at 11$/h.
If my dumb ass can do it so can lots of people.
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u/Alzucard 1d ago
Until the capitalistic system collapses.
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u/HuckleberryOk8136 1d ago
The numbers in that post are fake. The math doesn’t even work.
World real GDP (inflation-adjusted) has roughly quintupled since 1970, not 700%. More importantly, real GDP per capita has roughly doubled. Extreme poverty has collapsed from over half the global population in 1970 to around 10% today. Billions of people now have electricity, vaccines, running water, and phones that outperform the computers NASA used to land on the Moon.
In the United States the same pattern holds. Real median household income is substantially higher than it was in 1970 once you use consistent inflation adjustments. Middle-class living standards have improved in concrete ways: larger homes, safer cars, far better medical care, and goods that used to be luxuries now cost a fraction of what they did.
The top 0.1% got richer faster because they created or scaled businesses that serve hundreds of millions of customers.
The post treats the economy like a fixed pie that the rich are carving up. It is not. Growth is new production. When Jeff Bezos or Elon Musk or the founders of the companies that make your life better get rich, they offered something people voluntarily bought. The “we are all being robbed every second” framing is the language of people who want to seize the pie rather than grow it.
History shows what happens when that mindset wins, everyone ends up poorer.
The average person in 2026 lives longer, eats better, travels farther, and has more leisure and technology than the average person in 1970 by a wide margin. The data does not support the claim that growth never reaches ordinary people.
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u/Limpliar 1d ago
So should I not have stayed consistent with the things I was supposed to be doing in order to set myself up in the society I currently lived in and instead been a lay about because capitalism is gonna fail?
If I felt that way I wouldn’t wait for it to fail I’d go somewhere that I find better suits my needs, I believe in doing the most immediate thing you can to better your situation, If you desire a better situation. Let’s say you don’t like where you live, it’s move, take the first step to being able to move, start a savings etc. and eventually just like advice a financial advisor would give, it would snowball into you being able to relocate.
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u/TwistedKiwi 18h ago
You buy your coffee at starbucks and then whine. I don't get it. Why don't you just not buy from billionaires? Go local for fuck's sake!
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u/realmauer01 1d ago
You are trading with stuff of which system is owned by others. They make the rules and they try to make the rules that it doesnt implode again. The people that are on the top are absuing those rules as much as possible.
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u/Eihwhuesoo 1d ago
While I understand the rich get richer is bolloks. We need to make an attempt to better our lives with effort and stop complaining so much. Me included. How to do that is a different question when we grew up only knowing how to be worker bees.
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u/Zekethebulldog33 1d ago
To solve the rich problem you just need to stop shopping. Don't use Amazon don't buy a Tesla don't shop at Walmart Menards Homedepot Lowes. Shit I guess you be living large until you need something that millionaire/billionaire sell in their stores. Damn like 80-90% of business.
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u/MostAcanthaceae2384 1d ago
You're looking at this posting from anywhere in the world on a screen that can show you the weather, let you check on your parents, and translate thousands of languages.
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u/discourse_friendly 1d ago
Most of the wealth is just stocks and the stock valuation.
that 8% figure is total BS too. anyone who owned a house in 1970 is worth like 800% what they were in 1970
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u/NoPollution316 1d ago edited 1d ago
A bs tweet loved by 3rd grade dropouts, flipping burgers somewhere.
Hold strong they will "redistribute the wealth" 😂
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u/Remarkable_Deer_4748 1d ago
Globally? No. The median person isn't 8% richer. Thats not remotely true.
In America - maybe? But if you're talking internationally, the rise of a global middle class is huge. This global middle class would be considered poor by American standards but definitely next level up compared to the median global human in 1970.
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u/Bakkus1987 1d ago
We are being robbed and it is done through inflation, not because of the muh 0.0001%. Cancel central banks and central bankers.
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u/Severe_Marzipan_8494 1d ago
Losers always says this . They depend on other’s wisdom while the achiever’s depend on themselves
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u/GiantPandammonia 1d ago
I feel like there are billions in China India and the Philippines who are doing a hell of lot better
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u/smakusdod 1d ago
Even homeless people have cell phones and free meals. Yes the wealth disparity is real, but it is not a zero sum game. The average quality of life for literally everybody has gotten better.
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u/DevWithTooLittleTime 1d ago
Wrong, we just has inflation over 55+ years, which lead to a 7x-8x change of what a dollar is worth, which is not being richer technically. If you compare house ownership, income to rent ratios, income to food cost ratio, income to healthcare ratio, then it's not the same. Overall, humans are FAR FAR better today than in 1970, litereally EVERY metric proofs this. How to check: Take any current UN graph and compare to 1970.
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u/AmbivalentheAmbivert 1d ago
The average person in 1970 didn't have half of the everyday appliances we have today or access to information....the measure of wealth here is not realative.
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u/tempest1523 1d ago
The poor don’t invest in assets. Bottom 50% of the US don’t own any stocks at all.
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u/MyOldNameSucked 1d ago
So if the average is 8%, wouldn't the average still be 8% after we distribute it fairly?
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u/Baller-Mcfly 1d ago
Because the government takes half of what ypu earn and gives it or spends it on nonsense.
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u/TheLastManStanding01 1d ago
Average person in the world or in parts of the world where this wealth was created?
Kinda of important to know.
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u/ApplicationCalm649 1d ago
That's what happens when people stop bargaining collectively for better pay and benefits. We need more unions to get working folks a fairer share of profit.
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u/Consistent-Strain289 1d ago
No. Ai will bring you money… it takes away your job. But we all dont have to work… all receive an income. High income…
While these ai companys get tax relieves. Uses taxpayers water and electric infrastructure. The ceo dont pay tax and get richer and lies to u about the new version of “trickle down”
And still you buy into support openai, tesla/spacex, fb crap
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u/legato2 1d ago
I’m objectively richer than my parents and they’re richer than their parents. We’re not rich by any means, my parents are second generation American from a rural area in the south with no education. My siblings and I all have stem degrees and careers. It may not be huge wealth but it’s definitely possible to trend upward with hard work. My kids will have more opportunities than me.
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u/Several-Standard-620 1d ago
Technically, the world has less wealth. The people are richer we took from the world to get richer.
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u/1_LedJack 1d ago
One day you’ll understand, it’s not the rich it’s the social state that takes everything and spits careless, ill managed “services” back at your face…
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u/Far-Wallaby-5033 1d ago
let me ask you where did you finish in your high school class and how many other classmates are doing great. Maybe it's you. You can't steal second if your foot's on first
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u/Starfishprime69420 1d ago
Youve got millions of regular low income people cucking for the top billionaires. Its so weird
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u/Murky-Hold-2901 23h ago edited 23h ago
These statistics are quite simply false. GDP (per capita) has increased by around 2.5 times, and the median person is around twice as well off.
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u/canned_spaghetti85 21h ago edited 21h ago
Nope.. It has already reached you. You just can't see it.
Because NOT ONLY are things are x8.6 times more expensive today than in 1970 respectively,
ALSO world global human inhabitants also up x2.25 times more populated today than in 1970,
each of whom's average life expectancy also increased 11-14% when compared to that of 1970.
These ☝️ are NOT wild claims I made. They are facts you, or anybody, can go & research online.
So get said "700%" claim, subject it to some basic algebra (that context above). ... then
mathematics would suggest that you "should" actually be POORER today - respectively.
However, meme strangely also admitts to being slightly RICHER today - albeit modestly,
though self-contradicting nevertheless.
Since math is math, then the "700%" claim and/or the "8%" richer admission must be inaccurate.
This is called Critical Thinking. It's an invaluable live skill, which I strongly urge you to learn ASAP.
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u/Comfortable_Two7447 15h ago
So what? You're 8% richer. It doesn't matter how rich someone else is. The grass is always greener on the other side.
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u/LoneSnark 13h ago
A lot of growth has been in China where the former poorest of the poor are no longer poor. So I think these oddly round numbers are made up bullshit.
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u/flyfightandgrin 9h ago
Individual choices have a say in this as well. People buying cars they cant afford, nor being able to read a fucking contract. People having kids they arent ready for. People never going to school or starting businesses and getting locked into low wages. People that go clubbing. People that spend all their money on Jordans, tatts, and vapes.
If you continually do stupid shit, your life will never improve. Blaming billionaires for being poor is a great excuse for people that havent done shit with their lives.
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u/AJWordsmith 8h ago
It’s that last bit that always turns me off. You were not “robbed.” Should we be taxing those individuals more? Absolutely. So vote for that. But nobody stole from you. We (as a people) have voted for lower taxes since Reagan. We literally voted for the outcome we have. Nobody stole anything. We gave it away.
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u/ultimatepoker 8h ago
Population has more than doubled 3.7 to 8.3bn
Population in abject poverty has dropped from 2.2 to about 0.9bn in the same time.
Capitalism and globalism wins for the globe. It does not win for the bottom half of the rich countries.
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u/Flashy-Raspberry-131 8h ago
I'm 122% richer and I work 45% less.
That being said, it is about 88% more expensive to live in 2026 that it was in 2006 (when I entered actual work)
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u/Quizzical-Hamster510 7h ago
The average number is basically impossible given the growth in China and India. 2 billion people living in essentially undeveloped countries to now being well into middle income countries
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u/Frequent_Policy8575 1d ago
Adjusted for inflation, I’m no less than 30% poorer in 2026 than I was in 2019, and that’s not even considering that my net worth is in the negative thousands now.
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u/Omnom_Omnath 1d ago
Reminder that it will never reach you wether you vote red or blue. an entirely new team is needed in power.
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u/clingbat 1d ago
At a macro level sure, the system is rigged and sucks. But my wife and I both come from low income families, both got engineering degrees and then went on to grad school (where we met), aggressively paid off our undergrad loans sacrificing along the way, and now sit in the top 5% HHI wise.
At least relative upward mobility still exists in the US far more than most other places in the world, even if the system is supremely flawed as a whole.
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