How Wealth Inequality Affects The Economy
Garys Economics
@garyseconomicsAbout
@garyseconomics is focused on teaching people about real world economics. Inequality Economist. Former Trader. Other Economists make predictions, but my ones are actually right.
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Video Description
With symptoms becoming increasingly obvious, Gary elaborates on how the key problem of Wealth Inequality affects the Economy: Low Wages, High Asset Prices, No Social Mobility, No Financial Stability, Economic Concentration, Geographic Concentration, High Rents & Austerity SUBSCRIBE, SHARE & START A CONVERSATION SOCIAL MEDIA: WEBSITE - https://www.wealtheconomics.org TWITTER - @garyseconomics - https://twitter.com/garyseconomics FACEBOOK - @garyseconomics - https://www.facebook.com/garyseconomics/ INSTAGRAM - @garyseconomics - https://www.instagram.com/garyseconomics/ TIKTOK - @garyseconomics - https://www.tiktok.com/@garyseconomics?lang=en YOUTUBE - @garyseconomics - https://www.youtube.com/channel/UC5Ghe5TBQGYIOANuiNW4hDQ Performed by Gary Stevenson GARYSECONOMICS Produced by Simran Mohan MOHAN MEDIA TIMESTAMPS 00:00 Introduction 01:09 Equal vs. Unequal 02:44 The UK 03:42 Economic Effects 04:50 Rich vs Poor Spending 05:45 Consumption 06:39 Modern Economies 07:43 Low Wages (#1) 08:51 High Asset Prices (#2) 10:32 No Social Mobility (#3) 11:30 No Financial Security (#4) 12:23 Economic Concentration (#5) 14:02 Luxury Spending 15:00 Geographic Concentration (#6) 16:31 Poor Follow Rich 18:38 Expensive Rents (#7) 20:00 Cash Flows 21:45 Austerity (#8) 22:17 Recap
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