This graph does as much to explain the election of Donald Trump as anything I’ve seen. And unless we figure out a way to deal with this reality, we’re going to see a lot more political turmoil and social upheaval ahead.
I say “reality” and not “problem” because some people (especially the rich and powerful) don’t think it’s a problem. And that’s a problem. For unless they come to the realization a declining median family net worth isn’t a problem, nothing will be done to address it. And if it’s not addressed, the gap between the haves and have-nots will continue to widen and the pressures on societal stability will continue to build. Eventually, the pressure will find a way to relieve itself. And history tells us that’s usually not good.