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RE: Decade of Negative Real Interest Rates and a Shrinking Middle Class
Good article. I just wish one day we can actually define middle class( income,net worth). As for winners and loser based on policies. I think with no policies the results will be the same. Will always be a winner and loser, policy does not dictate this out come. It is the individual education, desire and drive to succeed that will determine his status or success or coporation management and insight.
For sure there'll always be winners and losers, but if left to natural processes i'd refer to them as "successful" vs. "unsuccessful" in earning income. even earning income doesn't necessarily define success. Policies are different bc they force the outcomes. There's just something that doesn't sit right about using power to force outcomes; those who lose in that process do so unfairly, e.g. all those retirees whose fixed incomes collapsed with interest rates.