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

by Michael Shedlock via MishTalk.com,
ZeroHedge.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

This entry was posted on Monday, August 8th, 2016 at 11:12 am and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.