Movement for Quintets
I am cynical that politicians can or will do anything about income inequality. It is a long-term problem requiring long-term solutions and politicians are interested in short term results, before the next election cycle. That leaves as the discussion what investors might wish to learn about how income trends are playing out to assess investment opportunities.
The Boston Fed recently published some research on "Long-Term Inequality and Mobility" that detailed the transition of Americans from the poorest quintile of income distributions into higher income groups, and similarly from the top quintile into lower ranges. The research also detailed how earnings of the richest quintile grew much faster in real terms than those of the lowest quintile....612 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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