WEALTH TRANSFERENCE

This is why nobody believes Obama when he touts his recovering economy: According to a Pew Research Center study, in the first two years of this recovery the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% dropped by 4%.

The QEs have helped the rich, the one who can invest in the stock market, and the government, but left high and dry (or should I say low and stuck) the ones who have to work for a living, retired, or on welfare (which includes the unemployment dole) and are more worried about their next tank of gas than which stock is a good deal.

For them they have had to borrow, sell, or hock to get along, which explains the drop in their net worth.

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