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Morgan Housel

The Dr. Drew Podcast

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Why Are We So Much Better Off Now Than We Were in the 19's?

Wealth inequality in the 19 fifties was wey lower than it had been before or since. Most people looked around the world and said, i'm doing pretty well relative to everyone else. The guy across the street and the guy downtown and the person their car down the street. They lived a very similar life to you by and large. That was truris. And i think what happened, starting around the seventies and eighties, is it askd as wealth in equality started to really split apart.

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