What Wealth Inequality in America looks like. Special thanks to user politzane for the inspiration – their video will be linked down below. Another huge thanks to Rickie, Chris, Abdullah, and anyone else who helped on the video. Let me know in the comments what you thought.
2012 Video on Wealth Inequality:
NY Times Article:
OECD Study: (2018)1/En/pdf#:~:text=First%2C%20wealth%20concentration%20is%20twice,households%20own%20little%20over%2012%25.&text=Keywords%3A%20household%20wealth%2C%20wealth%20inequality%2C%20OECD%2C%20database
Timestamps:
0:00 – Start Here
0:15 – How is Wealth Distributed in the US?
0:55 – Perceptions Haven't Changed
1:44 – The ACTUAL Distribution
2:45 – The 2012 Visualization, Updated.
4:13 – 2023 Data on Wealth
5:59 – 1989 to 2012 to Present
7:32 – Global Wealth Inequality
8:18 – Billionaires
10:00 – Elon Wealth Visualizations
RESOURCES:
đ” Free Guides / Templates:
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Rickie (Editor) â
Other sources:
Files/Norton_Michael_Building a better America One wealth quintile at a time_4c575dff-fe1d-4002-b61a-1227d08b71be.pdf
Income data from census:
UAW
Share this video with a friend and let us know what you thought about the video below. Thank you for watching — Humphrey, Rickie & Team
anyone else keep doing these and to me you are doing good do more like this and do a up date đ like this every year and keep us on are feet I said more but I’m not good at redoing so the ones with the charts keep doing those thanks and do one on how much you owe on a stock for $60.00 that you need to pay every tax season and how often to but more money đ° in every month and so on .â€
And add this one to yhe one’s when you do our start do go and show the kids at the schools do a survey on how the schools are for 5he rest of the year and then next year.
Remember when people were donating money to Kylie Jenner so she could be the world’s youngest billionaire……..
I didnât know that
â@SofĂa Triviño MejĂaI didn’t either.
Like a kickstarter?
I will be forever grateful to you Mam, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment.
I still have this specific video saved from a decade ago, and always wondered how much worse it could be today. The visual breakdowns were terrifying. Really good work resurrecting this reality for people to see and truly comprehend.
Sadly, I think reality is a lot harder on people do to lack of research in general.
Majority of topics aren’t hard to understand, only they would much denie hardships for a better enjoyment of life.
Also good on you for looking into this most people dear not to.
last the poorest is also getting richer. But like always, the middle class suffers, can’t evade taxes like the rich nor getting free handouts from the government.
@Xiphoid Process and as such, erasing the middle working class.
There have been some videos lately reviving the concept of âthereâs no middle classâ and I can believe it⊠just answering a few simple questions would paint the reality: can you buy a home (properly, 20% down payment)? Can you maintain it for you and your family? On one salary only? What if you lost all the income tomorrow, can you survive 6 months to one year without a wage? For almost all of the âmiddle classâ all of that is not at all, sounds like rich enough instead, but it wasnât the case before.
Plus the fact that âmiddle classâ was to design a wealthy group of people but that didnât have nobility titles in the yesteryears.
All one has to do is imagine a teenager living in a household in which the parents have saved $0 for their college education. Right out of the gate that teenager will either have to join the military, work a low-wage menial job, and/or take on a mountain of student loan debt just to climb out of that pit. I’m not blaming anyone who doesn’t have the means to pay for their kid’s college, but that alone will handicap someone from the beginning.
college is not the only answer. One guy I worked with in my early 20s is now a high level manager at a FANG company. He only had a few college classes at the cc under his belt. He got there from the results he delivered and hard work. Most of the people I went to college with haven’t gotten very far in their careers. You get what you put in.
@Ricky D I’m talking about career paths that require at least one degree. I’m a nurse and most of my friends are engineers, nurses, teachers, and pilots. College is mandatory for many careers.
@Galloping Goose college is only mandatory for a pilot if they are an office in the military, there are lots of pilots without a college education.
You are correct there are many fields like medicine and engineering who do need degrees. However the vast majority of college degree are not handed out to people who desire such a career.
Thereâs always an option of studying abroad for way less
U.S. Wealth Inequality videos are always mind-boggling — also, dude!? You were the rice video creator!! I loved that video and was thinking of it the entire time up until you mentioned you made that one! Sorry I forgot you did it. My mind was locked in on the visualization in that video and everything else just sort of fell to the background. Kudos on another great video on the issue.
Please, what rice video??? Connection please.
Dude, I’ve been watching your videos for a long time and yes, I’m here for the financial advice and insight. But let’s give a shoutout to the HUGE improvement in production quality! From the camera position and framing to the subtle use of color and lighting. Incredible. Go on viewer, go back and watch some older videos (which are still super informative and helpful) and you will see such a jump in the quality this channel that it deserves some attention. Great job as always, Humphrey!
Oh, and this one was depressing as hell. Renting forever, I guess.
Just stumbled on your videos, and they’re great. I’m a huge visual learner, and I appreciate your concise explanations of all the topics i’ve seen so far! Keep it up!
Love this video. The visualizations are awesome – would love seeing more stuff like this!
Itâs sad how hard it is to climb out of poverty these days. Great video.
Love your videos! Any chance you can do a video on whether someone should or shouldn’t buy their company’s private or public stock options?