If we live in one of the richest countries in the world, why do so many of us feel left behind?
William Bernstein examines such paradoxical questions of wealth in one of his book latest books, The Birth of Plenty. Since the 1820s, wealth in the developed world has been steadily rising, raising life-expectancy and happiness. Indeed, Mr. Bernstein argues that we’re now the richest generation in history. If that’s the case, however, why is personal debt soaring and why do few feel they have the means to meet their needs? Though we live like the kings of the past we feel like the paupers of the future.
Mr. Bernstein took your questions in an earlier discussion.
