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Forum » 2012 - something happened (pic)
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Thread: 2012 - something happened (pic)

post 1614005341 08-19-2020, 12:25 PM
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2012 - something happened (pic)



Look at where the wealth inequality post 2008 recession started taking off. Higher wealth inequality = less happy citizens across the entire income range
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post 1614005711 08-19-2020, 12:29 PM
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ya the rich started to recover from the great recession
post 1614005871 08-19-2020, 12:31 PM
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Mind blown
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post 1614006551 08-19-2020, 12:39 PM
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only in the usa
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post 1614007491 08-19-2020, 12:49 PM
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What is this even a graph of. The 40% poorest line is higher than the other lines at the start. This literally makes zero sense.
post 1614007571 08-19-2020, 12:50 PM
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Bc dumbass simps took their money out of the market at the bottom and got back in too late to make dem sweet, sweet recovery ghaynes
post 1614007711 08-19-2020, 12:51 PM
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Originally Posted By triception⏩


Look at where the wealth inequality post 2008 recession started taking off. Higher wealth inequality = less happy citizens across the entire income range
this is most likely to due to the digital explosion. Around that time technological capabilities skyrocketed. smart phones, tablets, wireless, all of it just blew up and expanded rapidly. this created a bunch of new companies and sky rocketed a bunch of existing companies. those two lines were probably investors.
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post 1614007841 08-19-2020, 12:53 PM
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So this is probably just a potato oversight on my part, but I’m having an issue interpreting the chart.

The numbers on the y axis seem to designate a percentage of the population. How does that go above 100%? Because 100% is the entire population. I’m just doing something wrong in my brain...

Edit: the more I look at it, the more I think it isn’t my error.

Why didn’t they start at 0% instead of 70%, and go to 100% instead of 130%? Any basic stats course would suggest this is done to intentionally mislead the person/people interpreting the graph.
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post 1614008231 08-19-2020, 12:57 PM
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Thanks Obama.
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post 1614008441 08-19-2020, 12:59 PM
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Originally Posted By Ironmanlet⏩
So this is probably just a potato oversight on my part, but I’m having an issue interpreting the chart.

The numbers on the y axis seem to designate a percentage of the population. How does that go above 100%? Because 100% is the entire population. I’m just doing something wrong in my brain...

Edit: the more I look at it, the more I think it isn’t my error.

Why didn’t they start at 0% instead of 70%, and go to 100% instead of 130%? Any basic stats course would suggest this is done to intentionally mislead the person/people interpreting the graph.
My best interpretation is people who have invested money in the market gained wealth and poor people who only have $$ in a checking account did not.

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post 1614009541 08-19-2020, 01:08 PM
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From what I can see, this chart seems to reflect the effect of the housing crisis.

Poor people were given a false sense of wealth to begin with, which is why the graph shows an equal starting point in 2007. The rich made off with all the properties the poor defaulted on.

The greedy get richer and the poor get fukt. Rinse and repeat.
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