totally different worlds: top 40% doing great, but income barely increasing and death rates rising for bottom 60%

^and it’s much worse than in peer countries

earned income (real dollars) is flat for bottom 60%, but up once you account for taxes and tranfers

one big reason for the wealth disparity is the top 40% have way more saving, esp stocks, which compound. self-reinforcing

Prime working-age white males have given up looking for work in record numbers; the number of prime- age white men without college degrees not in the labor force has increased from 7% to 15% since 1980.