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Not necessairly. Some want more, some want the same, and others are happy with less. And many aren't even trying at all.
So how many are not trying %? in America, the wealthiest 160,000 families own as much wealth as the poorest 145 million families, and that wealth is about 10 times as unequal as income. Is it the 145 million?
You get a second job so you can do that? The only person that stands in the way of you doing something is yourself.
Good luck working out a schedule of two jobs. There is no reason someone should have to work two jobs just to survive. Saying the only person who stands in the way of you doing something is yourself is just pure ignornace and false there are many things that can stop people but people who think this will never change their mind they do not want to live in reality.
in America, the wealthiest 160,000 families own as much wealth as the poorest 145 million families, and that wealth is about 10 times as unequal as income. Is it the 145 million?
80% of US millionaires (net worth of at least $1 million) are first-generation wealthy. If you read The Millionaire Next Door, you'd learn the terms PAW (prodigious accumulator of wealth) and UAW (under accumulator of wealth). You'd also learn the following about PAWs:
Quote:
"The Seven Factors...Seven common denominators among those who successfully build wealth.
1. They live well below their means.
2. They allocate their time, energy, and money efficently, in ways conducive to building wealth.
3. They believe that financial independence is more important than displaying social status.
4. Their parents did not provide economic outpatient care. [(EOC) (i.e., parents did not provide substantial cash gifts to their children)]
5. Their adult children are economically self-sufficient.
6. They are proficient in targeting market opportunities.
It's not necessarily about income, it's about one's attitude toward financial affairs. High-income earners can be over-consumers and be living paycheck to paycheck. They're not wealthy. Modest-income earners can live well below their means and acquire an astonishing amount of wealth.
Why focus on the VERY small percentage of those who have inherited some (rarely all) their wealth, and focus on the MUCH HIGHER percentage who've EARNED their wealth, and how they did it.
What you may not know about inherited wealth:
Quote:
"Wealth transfers — inheritances and gifts combined — constitute a small part of the holdings of the rich, whether you define “rich” in terms of income or net worth. For the top income quintile, gifts and inheritances amount to 13 percent of household wealth, according to research published by the Bureau of Labor Statistics. For the top wealth quintile, they amount to 16 percent. For the hated “1 percent,” inherited wealth accounts for about 15 percent of holdings.
...Meanwhile, inherited moneymakes up 43 percent of the wealth of the lowest income group and 31 percent for the second-lowest."
The bottom 40% are inheriting a significantly larger percentage of their wealth than is the top 1% (net worth of ~$7 million or more). The top 1% is far more likely to be earning/creating their own wealth.
How did you become indoctrinated in the victim attitude, when the exact opposite is true for those who learn the points about PAWs quoted above?
Good luck working out a schedule of two jobs. There is no reason someone should have to work two jobs just to survive.
Wow. Someone sure has an entitlement attitude. I worked two jobs for a while just to survive when I was starting out as a young adult. I know many others who have, as well.
When the scales tip to 51% they never will and they will make it unsustainable. We are there. The suckers are sucking more than the providers can give. Its the beginning of the end of our system. Then the left will run in and say Communism is the way to save it all.
80% of US millionaires (net worth of at least $1 million) are first-generation wealthy. If you read The Millionaire Next Door, you'd learn the terms PAW (prodigious accumulator of wealth) and UAW (under accumulator of wealth). You'd also learn the following about PAWs: Retire Early: Book Review
It's not necessarily about income, it's about one's attitude toward financial affairs. High-income earners can be over-consumers and be living paycheck to paycheck. They're not wealthy. Modest-income earners can live well below their means and acquire an astonishing amount of wealth.
Why focus on the VERY small percentage of those who have inherited some (rarely all) their wealth, and focus on the MUCH HIGHER percentage who've EARNED their wealth, and how they did it.
The bottom 40% are inheriting a significantly larger percentage of their wealth than is the top 1% (net worth of ~$7 million or more). The top 1% is far more likely to be earning/creating their own wealth.
How did you become indoctrinated in the victim attitude, when the exact opposite is true for those who learn the points about PAWs quoted above?
"Why focus on the VERY small percentage of those who have inherited some (rarely all) their wealth, and focus on the MUCH HIGHER percentage who've EARNED their wealth, and how they did it."
A few reasons.
1. They are ignorant
2. It doesn't fit their agenda
3. They can't because then they couldn't whine about "income equality".
@aus10
Whats even more ugly is it isn't laziness or people just getting handouts that makes you angry but its only poor and welfare people that do this that make the right angry.
All one has to do is read the threads to see what i say is true.
Read freemkt's dilemma. It probably wouldn't be so bad for her had it not been for the DRUNK. Our family has one of those drunks. His dad a drunk and no where around, his mother, grandparents, aunt (my mother) tried to help him.
After years of a low income self supporting, self sufficient 70+ year old woman supporting him, giving him a place to live, food what ever he needed to give him yet ANOTHER OPPORTUNITY.... with one rule, no drinking. What did he do? He drank, he stole from her, then when she became ill he THOUGHT she now needed him. We thought her meekness was because of her illness. We were wrong, he was mean and nasty but boy could he put on a good show for us. When we realized it, he got the boot. After he was gone her personality change was amazing and she's back to being mom, funny and personable. It was truly amazing.
The point is, you can help only to a point, you got to let them go, they are toxic to the people around in many ways. A lot of the poor have no interest in helping themselves. They have come to expect others to take care of them. The middle class IS trying to take care of themselves yet they get stuck paying for the idiots like freemkt and our family dealt with.
Wow. Someone sure has an entitlement attitude. I worked two jobs for a while just to survive when I was starting out as a young adult. I know many others who have, as well.
You are not now are you that is because working two jobs is not sustainable over a long time it eventually effects your health and your family life. Yeah it is an entitlement to want to have one job that makes you enough so you can have enough for food, water and housing people should only feel entitled to live in a homeless shelter or a carboard box. People like who are the ones who support people working for barley any money or even being slaves.
You are not now are you that is because working two jobs is not sustainable over a long time it eventually effects your health and your family life.
That's why people who have accumulated wealth have made life and financial decisions that enabled them to move up socioeconomically. Such persons didn't have to continue working two jobs over a long time.
Quote:
Yeah it is an entitlement to want to have one job that makes you enough so you can have enough for food, water and housing people should only feel entitled to live in a homeless shelter or a carboard box.
Well, hell, why should anyone even work at all? Just give everyone free food, clothing, and shelter. No work required from anyone ever. /heavy sarcasm
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I worked two jobs for a while just to survive when I was starting out as a young adult. I know many others who have, as well.