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In one of his recentvideos, Singh discussed the widening wealth gap and how tobuild wealthdespite the changes occurring.
Also seehow much the definition of middle class has changed in every state.
The median household incomes cannot keep up with other prices that keep going up, he explained.
At the same time, the S&P 500 skyrocketed by 5,700%.
This is why the middle class has been shrinking, Singh explained.
The prices of things have been rising faster than incomes.
And they have been rising significantly faster than incomes.
So if you are an investor, youve become wealthier.
If you rely on your salary, youve become poorer.
As a result, Pew noted, Americans are more apart than before financially.
Pew pointed to two main areas in which the middle class has fallen behind.
Income growth for the middle class hasnt kept up with income growth for those in the upper-income tier.
Additionally, the share of household income that the middle class holds has gone down.
Over the long term, investments have gone up, Singh said.
The stock market has gone up.
Housing prices have gone up.
Weve seen stock market crashes.
Weve seen housing market crashes.
Because the average person is not an investor they are just a consumer, Singh said.
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