A common complaint during the recent economic expansion is that the majority of the gains have gone to the rich.
The numbers do bear that out.
It’s not just the money that’s gone to the wealthy, but also a better feeling of job stability.
Looking at a survey asking people whether they thought they would have a slight chance or better of losing their job over the next 6 months.
Those making less than $46,000, 46% of them had at least some discomfort over job stability.
People that made between $40,000 and $99,000 a year, 40% of people thought they had a slight chance of losing their job.
If you went to $100,000 or more in annual income, only 29% of respondents had any concerns over their job.
As financial adviser Rick Reagan points out, not only did the wealthy get a bigger portion of gains, but they also were more confident and comfortable with their job going forward.