Fascinating little window
- Almost 60% of respondents wrongly believe that the country is in a recession (it hasn’t been since 2020)
- 55% believe the economy is shrinking (it is growing)
- 49% say unemployment is at a 50-year high (it’s close to a 50-year low)
- 58% said the reason the economy is worsening is due to Biden’s mismanagement
I don’t know why this isn’t talked about more, but the reason for the disconnect is that USA has become a petrostate. As a petrostate, the rich get wildly rich and makes the economy look good, while the citizens are fed a bunch of religion to keep them from protesting.
Yup, the megarich owns, what, 99% of the wealth? 99% of people are just negligible errors in statistics, depending on how you measure the economy.
The rest of the wealth is just temporarily in transit from one rich person to another.
The top 10% own almost exactly ⅔ of all US wealth. (66.9%)
No need for hyperbole when 90% of the population controls ⅓ of the wealth and the bottom 50% only controls 2.5% of the country’s wealth. (Same source as above).