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We have to consider that some states that people really think are doing great because of high salaries for certain fields, forget that they may have serious problems.
California with the fabled Silicon Valley is a good example. Take a look at California in the chart this thread is all about.
#1---Highest poverty rate by far of all the states and Washington D.C. Nearly 24% of all residents living under the California Adjusted and the Census Bureau adjusted poverty rate. It is considerably ahead of the so called poor states in the South.
Los Angeles County worst big city poverty rate in the country at about 26.1%. San Francisco down through the fabled Silicon Valley nearly 20% of all people living in Poverty.
The least poverty rate by county in California are basically rural counties, and those are about 13% to 16% poverty rate.
Unemployment using what is called the true unemployment rate or U6 rate, is 11.7% in California, second only to Nevada for highest unemployment rate.
Go back to the link this thread is all about. You will find the following quote.
Quote:
What’s also intriguing about these charts is that between 1990 and 2014, the states that we tend to think of as economic engines for the country -- like New York, California and New Jersey -- are the ones where inequality has grown the most. By contrast, states that have lagged economically -- like Arkansas and Mississippi -- are the ones where economic inequality has narrowed the most.
This backs up what the other links I have posted are all about.
as they should . the more money you have the bigger the deals and the bigger the rewards . the upper middle class are in no mans land . they are to rich for subsidy's and perks but to poor to take part in the really lucrative stuff .
as they should . the more money you have the bigger the deals and the bigger the rewards . the upper middle class are in no mans land . they are to rich for subsidy's and perks but to poor to take part in the really lucrative stuff .
The UMC is pulling away from the bottom half; it's much more than just the top 1% pulling away from everyone else.
well that is how the math should work . those with more end up getting more . there is nothing magical going on here . it took me 50 years of life scrimping ,saving and investing to hit a million . it only took 13 years to triple it with not much effort at all ..
the middle class does not have the money to grow greater wealth . the upper middle class stands a better chance and the wealthy a pretty decent chance
well that is how the math should work . those with more end up getting more . there is nothing magical going on here . it took me 50 years of life scrimping ,saving and investing to hit a million . it only took 13 years to triple it with not much effort at all ..
the middle class does not have the money to grow greater wealth . the upper middle class stands a better chance and the wealthy a pretty decent chance
That doesn't necessarily mean they are producing more. Local rents are up 15% YOY and nobody I know has suggested their landlords are working more, producing more, or providing greater value.
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