Here’s how we’re being misled about our so-called hot economy, and why people are still struggling and left out in the cold. “The economy is booming,” insist Trump apologists inside and outside of the White House. But while the wealthy may be able to finally renovate their yachts, workers are finding it harder and harder to survive. Why? Stats like GDP, unemployment and stock prices are actually quite detached from our everyday lives. #Newsbroke
#Inequality #WealthDisparity
Credits:
Head Writer/Host: Francesca Fiorentini
Senior Producer/Editor: Kate Elston
Writers/Producers: Matt Lieb, Jesse Fernandez, Johan Miranda, Pablo De La Hoya
Animator: Marisa Cruz
Studio: Paragon Creative
Executive Producer: Shadi Rahimi
Summary of All Income Inequality Numbers in the United States:
_https://inequality.org/facts/income-inequality/_ (https://inequality.org/facts/income-inequality/)
Income inequalities:
_https://eml.berkeley.edu/~saez/saez-UStopincomes-2017.pdf_ (https://eml.berkeley.edu/~saez/saez-UStopincomes-2017.pdf)
Household incomes:
_https://www.cbo.gov/publication/54646_ (https://www.cbo.gov/publication/54646)
Income from investing:
_https://www.irs.gov/statistics/soi-tax-stats-individual-income-tax-rates-and-tax-shares_ (https://www.irs.gov/statistics/soi-tax-stats-individual-income-tax-rates-and-tax-shares)
*The Problems With GDP, Unemployment Rates and Other Official Economic Measures*** **
https://www.forbes.com/sites/eriksherman/2019/07/07/the-problems-with-gdp-unemployment-rates-and-other-official-economic-measures/
*College Tuition Prices in the Last 20 Years *
_https://www.cnbc.com/2017/11/29/how-much-college-tuition-has-increased-from-1988-to-2018.html_ (https://www.cnbc.com/2017/11/29/how-much-college-tuition-has-increased-from-1988-to-2018.html)
* College tuition prices compared to wages:
* https://www.forbes.com/sites/camilomaldonado/2018/07/24/price-of-college-increasing-almost-8-times-faster-than-wages/
*Cost of one-bedroom apartments in major cities (2019):*
_https://www.businessinsider.com/cost-of-one-bedroom-apartment-rent-major-us-cities-2019-6_ (https://www.businessinsider.com/cost-of-one-bedroom-apartment-rent-major-us-cities-2019-6)
*Unemployment numbers are increasing in eight states that voted for Trump:*
_https://www.cnbc.com/2019/06/21/unemployment-rising-in-8-states-that-voted-for-trump.html_ (https://www.cnbc.com/2019/06/21/unemployment-rising-in-8-states-that-voted-for-trump.html)
*Underemployment in the United States and how it’s taking a toll on the economy:*
_https://www.forbes.com/sites/eriksherman/2018/09/25/underemployment-takes-an-outsized-toll-on-the-economy-according-to-a-new-study/#51ef6148234e_/”>51ef6148234e_ (https://www.forbes.com/sites/eriksherman/2018/09/25/underemployment-takes-an-outsized-toll-on-the-economy-according-to-a-new-study/#51ef6148234e)
*The stock market doesn’t matter to most Americans:*
_https://www.washingtonpost.com/blogs/post-partisan/wp/2018/08/22/a-record-breaking-market-doesnt-matter-to-most-americans/?utm_term=.80c5bbbe1603_ (https://www.washingtonpost.com/blogs/post-partisan/wp/2018/08/22/a-record-breaking-market-doesnt-matter-to-most-americans/?utm_term=.80c5bbbe1603)
(The opinions expressed on Newsbroke are those of the creators and do not necessarily reflect the editorial policies of AJ+.)
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