As A 'Middle-Class' American, I Found This Chart To Be A Little Offensive. Hopefully You Do Too.
Having cash in the bank, stocks, a 401(k), and a house (or houses) full of stuff worth money — that's all wealth. And it's great to have for two basic reasons: (1) It's handy when the goin' gets tough (e.g., expensive medical emergencies, car troubles, making tuition, etc.), and (2) having more wealth means having more freedom to think about and plan for the future, including retirement. But over the last several decades, rule changes that benefit the rich have made wealth harder to come by for most of us. Take a look below.
There's so much more to this story, so if you're wondering how we got here, this is the perfect video to get you up to speed.