America Is Wealthy, so Why Is Everyone Broke?

Y ou want to be rich. Perhaps you plan to be very wealthy indeed. Who wouldn’t? Talking about the pros and cons of being wealthy seems as one-sided as a boxing match between Warren Buffett and Muhammad Ali.. However I’ve been giving this some thought – inspired by my strange and unfounded fear of winning £56 million pounds in the lottery – and there are quite a few bad points.

As Warren Buffett, the second richest man in America, famously said, "There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning." Wealth and income inequality today is by far the worst in the industrialized world and has fallen in line with many Third World countries.

Naturally, as wealth is passed from one generation to the other in the form of inheritance and gifts, the children of rich parents become rich, too. rich parents breed rich kids. But there’s more.

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 · The 50th percentile of Americans ages 35 to 44 has a household net worth of only $35,000. Over the years, I have regularly addressed the psychological and emotional pitfalls that ultimately lead.

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America’s wealthiest citizens have never had it so good. But it’s a vastly different story for everyone else floating between broke and middle class. As CNN Money recently reported, the Dow Jones Industrial Average has clocked

There is a difference between broke and poor. poor means you don’t make enough to cover all of your necessities. broke means you can cover the necessities but never have enough money to save or pay down debt. Here are 14 possible reasons why and how to fix them. am I broke?

Don’t you hate it when wealthy. Morning America.” But then Clinton had to circle back to say she can appreciate the regular folks who struggle to pay their bills. “Let me just clarify that I fully.

The 50th percentile of Americans ages 35 to 44 has a household net worth of only $35,000. Over the years, I have regularly addressed the psychological and emotional pitfalls that ultimately lead.

Here are 5 habits of broke people that you can avoid to stop being broke and start living like a wealthy person today. While there are people who have no money because of misfortune, there are many people who are broke because of their habits.

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