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tristor | 12 days ago
We didn't get here overnight, but economic inequality dominates as a causal factor for nearly any socioeconomic phenomena you can identify in 2026. This is what happens when the top 10% of income earners comprise 50% of consumer spending, and you need to be in the top 15% of income earners to afford permanent housing. If you're a 30% parent (better off than 70% of households), the most important thing you can do for your children is to ensure that they end up in the top 15% or better yet the top 10%. Anything you can do that will help that end, is worth doing, and every moment becomes a competition to set things up as the earlier you do it the bigger the impact in the results.
There's a reason why home prices are correlated to with school district access, why every children's activity becomes a competition, and why in the wealthier (but more rat-racy) parts of the country people spend huge money on private tutoring, education, and training for their children almost from birth.
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