You are here

777-200

"The Prices Are Insane": You Know It's Bad When Used Private Jet Prices Are Crashing

"The Prices Are Insane": You Know It's Bad When Used Private Jet Prices Are Crashing

America’s wealthiest have never been richer, thanks to 9 years of Federal Reserve "wealth creation" which has favored the top 1%, leading to an imbalance in wealth accumulation that has resulted in a record split between the haves and have nots. In fact, as the Fed admitted two weeks ago, the top 1% of Americans are 70% wealthier than the bottom 90%.

You Know It's Bad When... Prices For Used Jets Are Cratering

You Know It's Bad When... Prices For Used Jets Are Cratering

America’s wealthiest individuals are thriving thanks to an imbalance in wealth accumulation that favors the already asset-rich. But even though the number of millionaires and billionaires living in the US has been climbing, and is on track to increase by nearly 700,000 a year between now and 2021 – so long as the market avoids another crash – an influx of new potential buyers has done little to alleviate a supply glut that has been weighing on used jet prices for years.