But really looks like the fed interest rate was slowly rising in that period which may have cooled the tech bubble which is where a lot of the top 10% income and wealth has come from recently. Whereas regular people are less dependent on zero interest rate tech speculation.
Interest rates may be higher now, but now they’re high enough to also effect everyone else, and the tech bubble is currently being buoyied by AI hype.
The first trump administration of course
But really looks like the fed interest rate was slowly rising in that period which may have cooled the tech bubble which is where a lot of the top 10% income and wealth has come from recently. Whereas regular people are less dependent on zero interest rate tech speculation.
Interest rates may be higher now, but now they’re high enough to also effect everyone else, and the tech bubble is currently being buoyied by AI hype.