Is Lifestyle Equality More Important Than Income Inequality?

in Financial Planning by

[dropcap]I[/dropcap]ncome inequality has generated a tremendous amount of heated debate in recent times. Occupy Wall Street is probably the most publicized of public outcries on the matter. There’s certainly no arguing the income gap has grown, but many forget an important fact: due to technology and health care improvements, the actual standard of living has risen for almost all segments of the economy. Flat screen televisions, computers, cell phones – once considered high-ticket items – have now infiltrated all economic classes. While the ultra-wealthy may be even wealthier, so are the rest of us.

The Rise of Consumption Equality

Read more at The Wall Street Journal.

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