# @benzinga on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/C8VIfxzMWik
- **Gondola URL:** https://gondola.cc/posts/19304753-benzinga-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/legacy-do/99f6a048beba6141e43eca494c5dc277ce064c72e2991f537c16e5a13bd8765e.jpg
- **Posted:** 2024-06-17T20:27:25.000+00:00
- **Account Owner:** Benzinga | News That Moves (@benzinga) — https://gondola.cc/benzinga

## Caption

During an interview with Charlie Rose, Buffett said, "The United States is the United States economy, and it's very easy to look at the statistics on it. I mean, more people, a greater percentage of the American population, are wealthy now or have more income now than they've ever had." He cited Bank of America's average deposit figures to support this, suggesting that while not everyone is wealthy, "people here have more money now."

Buffett avoided predictions when asked about the future of these economic conditions amid inflation. Instead, he discussed qualitative improvements in lifestyle, saying, "The bottom 2% in terms of income in the United States, the bottom 5%, and for sure the top 1% all live better than John D. Rockefeller was living when I was six years old. John D. Rockefeller was the richest man in the world." He pointed out advancements in medicine, education, entertainment, and transportation, arguing that these facets of life are better now than ever before.

Buffett also reflected on the progress during his lifetime, particularly in technology and access to information. He contrasted his childhood experiences with today's conveniences, such as watching a football game on a large screen TV with instant replays, noting that "maybe everybody doesn't have a screen as big as mine but damn near everybody has a screen or has an iPhone or a computer or access to one."

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## Credits

These are the roles credited on Gondola. Credits may be incomplete.
A brand, account owner, or featured person is not necessarily the creator.

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Benzinga | News That Moves | @benzinga | https://gondola.cc/benzinga | Brand |
| Jacob Shipley | @okcmayor | https://gondola.cc/okcmayor | Director of Social Media |

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