14 lines
1.6 KiB
JSON
14 lines
1.6 KiB
JSON
{
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"HubID": "5274",
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"Date": "6/8/2025",
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"HubTags": [
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"External Platform Posts",
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"Future Map"
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],
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"Contacts": "",
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"Companies": "",
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"File": "",
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"Image": "5274__Image_URL.jpg",
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"Summary": "<p>More staggering statistics on the shrinking middle-class. My futurist work over the last year has really brought home how important it is to have a thriving middle-class. It is why we have so much polarization and conflict. It is why we have a stagnant economy that is shrinking when inflation is factored in. When wealth is concentrated at the top, a smaller portion of it gets spent in the real economy. Wealthy individuals have a lower marginal propensity to consume (they save or invest more of each additional dollar). But when wealth is in the hands of millions of small business owners, freelancers, or households, they spend more — on goods, services, housing, healthcare, education, and tools to grow their businesses. That stimulates demand across sectors, creating a multiplier effect that reverberates through the economy. When more people feel they have a real stake in the economy — and not just as consumers or gig workers, but as owners: (1) You get greater civic engagement; (2) Lower political extremism; (3) Higher trust in institutions; (4) Less depression, anxiety, drug use and suicides as the population is more hopeful for and engaged with its future; (5) A healthier, more cohesive society. American has an incredible opportunity to reverse this trend as our next growth engine comes online. I cover this in my working paper on Future Growth Engine For The U.S. </p>https://eddiesoehnel.com/TheNextAmericanBoom",
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"Notes": ""
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} |