Over the last 90 years the Top 1 Percent of the population has owned 40% of the nation’s wealth, and they take Home 24% of the nation’s income as it has been well documented. The Top 1 Percent own 1/2 Of the nation’s stocks, bonds, and mutual funds and have only 5% Of the national personal debt.
The Top 1 Percent Are Taking In More Of The Nation’s Income Than At Any Other Time Since The 1920s.
When the top five percent of the population are in control of the majority of the wealth created in the nation, where does that leave the ninety-five percent of the population including the largest group of retired folks?
It leaves them without retirement income unless they have invested in education and mindset training. Historically capitalism fueled the economy when the nation was first founded so it makes sense to earn supplemental income to fund your retirement in today’s economy and culture.
“The median household headed by a person aged 60 to 62 with a 401(k) account has less than one-quarter of what is needed in that account to maintain its standard of living in retirement.”– Robert Kiyosaki
In the recent book by Donald Trump & Robert Kiyosaki, they say “The middle class is shrinking and America is becoming a two-class society. Soon, you will be either rich or poor.” Many people also have an entitlement mentality according to the two, and many people assume that the government will fill in the gaps, but our government has gone from the richest country in the world to the biggest debtor nation in history.
Their solution is “Financial education in schools and individual responsibility”. The government is not going to take care of you – dont’ sit back and wait… You have to take care of yourself.
Photo: “What the diagram shows is that the rich are getting richer, and everyone else is getting poorer, even though many people are making more money.” – R. Kiyosaki & Donald Trump, ‘Why We Want You To Be Rich’
It is well documented that the top income earners spend more on education than the lower percentage group.
According to Google, since 2012, the average American spent well over $2,600 to $3,800 on entertainment; more than $20 billion is spent each year on movies, and $13 billion — or more, depending on whom you ask — on video games. As far back as 2009, Americans were spending more than $14 billion per year on performing arts tickets as well.
“Economics is really a quest for happiness, a quest for recognition, for all those things that we really want, which money is a vehicle to acquire, achieve or attain.” – Paul Zane Pilzer
It is well worth the expense to invest in your future education by reducing the amount of entertainment expenditures annually and turning them into real returns while helping your fellow man to do the same!
“You will get all you want in life, if you help enough other people get what they want.” – Zig Ziglar