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No, Poor Americans Aren’t Rich Now
I don't want to be too abrasive about this, but it needs to be said because I'm tired of hearing peo
Thank you for your sanity in an insane world. Sure, I bet some people have turned $5000 into $10,000. But the only way the market provides meaningful wealth is if you can put significant money into the account. In 2025, the poverty income level for a family of 4 is $32,150. In 2025 wealthy was considered to have a net worth of 2.3 million. Anyone who has been in the stock market knows it would be mathematically impossible for someone to take the $20-$50 a week and turn it into a couple of million.
Mark Twain, quoting Benjamin Disraeli, is often credited with describing three kinds of lies: “… white lies, damn lies, and statistics.” Yeah like the stuff that says the poor are now rich. No they are not.
Now I feel silly for having referenced that in your comments 🙂 However, the above wasn’t lost on me at all and I was more curious about whether the increase in equity ownership is just the poors realizing they’d never get ahead and deciding to YOLO their savings and/or housing down payments that are hopelessly insufficient for buying their own piece of the American dream.
I just needed a filler article for a slow day. I had this one in my pocket thanks to you. Ha.
I’m merely a cat’s paw in Heisenberg’s game. A Jesse Pinkman if you will.
A real gem -“Contextless parroting on the way to ludicrous absurdity”.
Nothing x 5 = still nothing. That’s all.