Rising wealth inequality in the United States has several causes, one of which is the rise in savings inequality among Americans. Research by Emmanuel Saez and Gabriel Zucman of the University of California, Berkeley shows that the large increase in U.S. income inequality starting in the late 1970s corresponded with a widening gap between the savings rates of those at the top of the income distribution and those at the bottom. In fact, in the run-up to the Great Recession of 2007-2009, the bottom 90 percent of the U.S. population had a negative savings rate.
Middle class did not have access to modern, low cost investment vehicles. Today is different, the middle class gets an active, optimum portfolio manager in their modern credit cards, and portfolios can be adjusted in days as the user taps happily away. We know the optimum portfolio is an adaption between the queue of investment possibilities and the queue of user demands. That is TOE, the bot does this automatically, 24/7, and the transaction costs is as close to zero as possible.
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