sir i think now a days only richer people getting more rich then poor is it correct?

Answer 1

You are absolutely correct. The middle class is dissolving in all countries. People are having to do without more and more. It's going to become like the great depression in the 1930s, although that's hard for people to believe. Most people are living on credit and don't have the actual cash for the things that they need to keep living. The banks are getting richer because of credit.

If all credit suddenly disappeared you would see riots because people could not afford to live.

If you have any questions please let me know.
Billie77

Answer 2

first think how he became richer , is if by it self then there is self ability. so there is a some power in their. so in case we do not think that they became richer & richer. because of poor, is there is lack of sense to earn. so the our self power make our rich or poor. if we win a lottery & became a rich but we use our money rough then it became a ended & we have to survive as a poor. so one man became rich or poor.by using is sense of power.so behind this some individual power run so look u in deeply & feel what u r? u got the answer of u r question.

Answer 3

Yes, I belive it's true. I think the 90/10 principle applies here. The top 10% of the wealthiest people control 90% of the wealth. The rest of the wealth(10%) is controlled by the majority of the population.

Answer 4

It's true that some people choose to become more wealthier. I think poor people are poor for the same reason: their choices.

I live like I'm poor, and I'm accumulating money that I'm investing and saving.

I know poor people too. They spend every dime they have as soon as they get it. They're called poor because they make POOR choices.

Answer 5

Yes you are absolutely right because a rich man can make his child to send for higher studies and improves his wealth by thier earnings also but it is impossible for a poor man to send his child for professional studies by giving more donations,fees etc

Answer 6

yelp....they are now trying to cut out middle class economic status..u once had low income(poor), moderate income(middle class), and high income(rich). But now, you either rich or you poor..that is why it is good to encourage our kids to get a good education..force it on your kids...if u don't..they won't survive w/out it.

Answer 7

it is note correct. lote of poor men coming in main strem by hard work. only one. Dhirubhai Ambani

Answer 8

yes thats absolutely true.when people have money, they automatically tend to get more means and opportunities to earn more money and hence keep going richer.

Answer 9

Yes, because of centralisation of economic power in few hands,
It could be corrected by decentralisation of economic power...

Answer 10

yes
the rich buy more and raise inflation rates
the poor suffer due to high costs