Essay sample library > Why Wealthy Americans Go Broke.

Why Wealthy Americans Go Broke.

2023-08-10 04:42:07

When ordinary Americans put food on the table, it is difficult for many wealthy people to maintain their financial condition. Celebrities, politicians, winners of lotteries, professional athletes have earned millions of dollars wages and rewards, but somehow they can not fate destiny. According to the US Census Bureau, the average household income in the U.S. is about $ 30,000 per year, and for some reason some parents can nurture their children and fund their children's education. According to a recent survey by CNN Money, the average cost to make a child 18 years old is $ 241,080, which does not include college education.

But as long as traditional wisdom continues to serve the rich interests at the expense of ordinary Americans, you will not see the obvious facts in politics. What will happen if this situation continues - If the rich continue to maintain a very disproportionate share of profits, do these benefits belong to 99% of Americans? Interestingly, the answer to this question can be found in an article by Nick Hanauer published in Politico about three years ago. "Pitch forks come for our rich people"

America is rich, but the population of America is broken. CNN Money reported in January 2017 that 6 out of 10 Americans are not saving 500 dollars. There are few Americans who understand that the Federal Reserve has no reserves. Not everyone knows the actual cost of military operations, and wealth can be said to be concentrated in a small number of companies. An estimated 165,000 Iraqi citizens were killed by "direct violence" after the US invasion to the currently exposed "weapons of mass destruction". This estimate is considered to be low as the US and Iraqi troops did not accurately record the number of deaths. According to Brown University, the actual number is large.

Key points: Unlike the mass media, which requires you to believe, most wealthy people do not bring all their money into the final bankruptcy. People who are not rich buy things that they can not afford to impress who they dislikes. Somehow, I have not worked hard, I have not studied hard, I do not spend time to understand how to invest, I lack mentality, I live at the top of a tea le level lifestyle, quickly Some people do not start to believe that they should act. The biggest difference between the top 1% investor and the average investor is that the net assets of ordinary investors are concentrating too much on his home base. About 80% of the central housing is estimated to be included in the residence. It is no wonder that during the financial crisis middle-class homeowners are crushed.