“Poorer Than Your Parents?” New Study Shows 81% Of Americans Worse Off Than In 2005

Monday, August 8, 2016
By Paul Martin

by Michael Shedlock via MishTalk.com,
Aug 8, 2016

The McKinsey study Poorer than Their Parents? offers a new perspective on income inequality over the period 2005-2014.

Based on market income from wages and capital, the study shows 81% of US citizens are worse off now than a decade ago. In France the figure is 63%, Italy 97%, and Sweden 20%.

The numbers for the US and France differ radically once transfer mechanisms like food stamps and Obamacare subsidies are taken into consideration.

The Rest…HERE

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