A Wonderful Economy?

We have a wonderful but boring economy ... the greatest economy in the history of our country ... true or false?

Statistics for household income gains over recent years suggest our economy is skewed toward benefiting the wealthy. Inequality in the U.S. is significantly higher than most developed countries. More than 75% live paycheck to paycheck, and the trend continues in 2018. What does the that suggest?

Note: there are separate numbers for household income and for household wealth or net worth.  The top 0.1% of U.S. households now own as much as the bottom 90%, continuing a trend that began in the 70s. American governance appears to favor the rich and influential. Despite previous failed attempts at supply-side (trickle-down) economics, the current administration continues the same path. Virtually all gains since 2000 have gone to the wealthy.

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Net farm income is forecast to decrease $9.8 billion (13.0 percent) in 2018 (not including payments under the Market Facilitation Program (MFP), announced on July 24, 2018 to assist farmers in response to trade disputes).