1% Now Controls 50%

As the Millennials remain shackled in their parents basements, under a mountain of Student loan debt, I am happy to report that the rich are even richer.

High five!!!!!!!!

1% now control 50% of the worlds wealth. Congrats! You earned it. Clearly.

What this story shows is that Barack Obama was VERY good to the super duper rich people.

They were rich before…….. but they are stupid rich now. Thanks Barack.

The bank’s researchers see wealth inequality as largely being a result of the financial crisis— (Government bailouts helped the super rich become even richer……)it rose across the world between 2007 and 2016

(Who was president over those years? Oh wait…..I remember.)

since mid-2016, Credit Suisse described a mixed picture. Non-financial wealth has been increasing “substantially,” butinequality is still rising.

(It will take more than 10 months for Trump to fix the Obama carnage……. but things are looking better)

“So far, the Trump Presidency has seen businesses flourish and employment grow,

The top 1% started the millennium owning 45.5% of all wealth, and now they have 50.1%.

(It may have been a bad economy for you…..But THEY didn’t even notice. It was all caviar dreams)

“Looking at the bottom of the wealth distribution, 3.5 billion people—corresponding to 70% of all adults in the world—own less than $10,000.

Those with low wealth tend to be disproportionately found among the younger age groups (the ones who voted for Obama) , who have had little chance to accumulate assets, but we find that millennials face particularly challenging circumstances compared to other generations,”

(The young people who ran to Obama…..He was their guy……And he screwed them……Enjoy your parents basement……Thanks for voting)

Essentially, millennials are more likely to be unemployed or earning less, priced out of the housing market, and unable to get a pension. Baby boomers have most of the wealth and the housing, so “millennials are doing less well than their parents at the same age.”

(Hope and change…….Yes we can…….)

http://fortune.com/2017/11/14/credit-suisse-millionaires-millennials-inequality/