CNN Business senior reporter David Goldman unpacks a series of economy-based questions on the magic wall, from the ‘K’ shaped divide between rich and poor to the swelling global oil prices amid the ongoing war in Iran.
Watch more CNN here:
0:00 Unpacking the ‘K’ shape
3:22 What is a ‘Trump account’?
5:27 Global oil prices rise amid the war in Iran
#Economics #Gas #News
source
There was no K-shaped graph actually shown in the entire video.
Imagine of rich ppl faced treason charges agaist american ppl due to illigal slavery
Shit treason is a serious offense the democrats are committing treason -The democrats Living constitution policy focus builds the right conditions for Marxism the left has a legacy of insurrection theft and treason. The constitution is the shield for the whole body of government the roots in which the rule of law thrives to sabotage it with a living constitution program you are insurrectionist by nature. The right is the only thing in politics that has any respect for the rule of law and the constitution. The constitution is a god given right inalienable it can not be reduced nor modified the Democratic Party has attacked the 2a for years which aided foreign enemies in the destruction of democracy and with China and the democrats being open bed fellows it’s looking like we need to audit the left and there voice needs a legal framework not a attitude.
It's a lowercase i economy. The outliers making money and the poor
but, I don't think the media talks about that theres a lot of people in the middle too.
there not rich or poor. biggest factor into their stability is their housing. A lot of people that have had somewhat ok or great jobs back then but not so much know, as the economy has changed a lot in the last 10 years.
these types of people were able to buy homes before the housing market went crazy. As supply and demand has changed a lot in the last 10 years.
these people are just sort of living I'd like to say. its all because their hosing costs are fix. which is why they are not as worse off than the people making under $100K.
The true question is whether that trump account will eventually turn into Trump's account.
Trickle-Down effect doesn't work at all
Americans have had enough. We’re past the breaking point and things have gotta change fast.
Sure, give the government $5000 a year…. These are the same people that are always trying to raid Social Security, which is our money and we are forced to pay.
President Donald Trump said he doesn't "think about Americans' financial situation"! Money Power Fame Influence and Connections.
i retired early this year, Stock Market, Tax Breaks and wise investments. Oh, and NO CREDIT. My FICO is 350, but I own my home, Cars, and Retirement Finances, No SS and not interested in it whatsoever. I guess I fail as being an ignorant American.
I don't know why this guy said it's complicated. This is not complicated. Asset prices have gone up. High income people have more assets because they use their excess income to buy assets. Low income people need to spend their income on expenses. Those things combine to make the wealth gap wider.
Gas prices keep increasing and show no signs of going down anytime soon.
Give me a break. My kids got decent jobs and started saving 6% then gradually moved up to 20%. They waited to get married before having kids. Now at 44 & 42 they are multi millionaires. So quit whining
It’s funny I didn’t hear him say that the bottom 50% pay zero in federal income tax
Why do liberals hate successful people. They can’t make it so they try to drag others down.
A half century of neoliberal economics has destroyed the US middle class, leaving the country with the affluent and the working poor. Capitalism is now terminal. Universal Basic Income is the only way out of the crisis – but that's not capitalist, but something post-capitalist.
1:40 Stocks? The top 1% owns 50% of all stock, the next 9% lens 40% of all stock. The vast majority, 90% of Americans, own 10% of all stocks. This is the system working as intended. "The purpose of a system is what it does"
Fake News at it again. Modern living standards include centralized AC and a supercomputer in your pocket. You can even go to food pantry’s to eat. We have a complaining problem not a wealth divide problem
We need a Progressive tax to balance inequality just like FDR days.
Following Israel makes you poor.
Why not teach people how to start doing things that lead to wealth creation instead of influencing them to spend money that leads to other folks becoming rich?
People need to look in the mirror and hold that person accountable for their situation. Very few are unfortunate and most broke people I know are that way because they pretend to be rich and buy everything on credit. I was a broke joke myself and I realized that if I didn’t change my ways I would always be that way. People make enough money but they just don’t know enough about money to make it work for them instead of the other way around.
Don't put yourself in trumps class you have no right critize , first become a billionaire then talk shitt
Fake asss news
Decades ago I told my friends, and family to invest in the Stock Market…..they didn’t. Now 30 years later I’m quite wealthy, and they’re still renting apartments, and have $$$ in debt. 🤷🏼♂️. Newsflash: people don’t listen. 👎🏻
Yeah, those Trump accounts might just be a way to pump the stock market.
I don’t see that being any advantage towards people who don’t want children. Wow he’s really sticking it up the ass to the people who don’t have kids what a complete AH
The rich are spending, they are buying like crazy 🤪 I can promise you that… I think 🤔 the government is also throwing their hat into consumer spending as well just to prop things up. Whenever the government gets involved in anything, consumer goods such as car purchases, home purchases, food, everything and I mean everything goes up in price. I personally work in management during the week, but I work at a national retailer on the weekends for extra money and people with money I can promise you are spending like they are drunk, shoes, kids sports, tshirts, suits, jackets, and I’m talking high end North face, Calvin Klein, food sushi 🍣, caviar bar, cars that are 80,000 doesn’t seem too much especially if your making 400,000 a year or higher. I talked with my doctor recently and he told me that he has no issues with the current economy, he personally told me his salary is 450,000 dollars 💵 and believe me he’s worth every penny because of the time and effort into going to medical school. High end professionals like Physician Assistants, Nurse Practitioners, Dentists, Physical Therapists, etc Remember in 2016 when Obama said the future economy would be healthcare? Well those kids were the ones who went into healthcare and it’s a booming industry along with real estate 🏡
This told me nothing I didn’t already know.
Abolish Capitalism
Trump is such a loser. Nasty person. Wish he would use a calculator or get an education before making any economic decisions
Bb
That was the weakest economy break down i have ever seen.