from the U.S. Federal Reserve Bank indicate that the disparity between rich and poor continues to get more extreme.The Fed’s Flow of Funds report for the third quarter shows that the bulk of the quarter’s $1.9 trillion growth in household net worth came from appreciation in assets
held primarily by wealthy Americans.Household net worth came to $77.3 trillion in the third quarter, up from an adjusted figure of $75.34 trillion in the second quarter. (The second quarter figure is inflated by a wholesale revision of economic data, including GDP and other widely used indicators, that was imposed in July and resulted in a massive apparent increase in America’s putative wealth
.)More
6 comments:
You want to be wealthy,have a small business and fundraise for democrats.When they get elected the benefits will roll in.
Everyone can't be rich.There will always be rich and there will always be poor.Only in America are people too dense to understand that.
just shows the "rich create jobs" mantra is trash
What it shows is that almost 2 TRILLION dollars is not enough for those in the top 1%. Can't afford to pay health coverage for their employees, can't afford to pay more than $8 an hour, can't afford full time workers, can't afford to close ONE day (Thanksgiving?!). Being down to your last 300 million is a tough thing to wake up to every day. Being down to only 600 rental houses in a cheap little town is just as disheartening, too.
Try deciding between the electric bill and your kid's doctor visit? No big deal....there are always going to be poor people. Next thing you know, they want another piece of coal. Greed always has an excuse, a rationaliztion, an explanation, and lots of tax breaks.
As I se it the UPPER CLASS is now the MIDDLE CLASS. The MIDDLE CLASS is now the LOWER CLASS. The LOWWER CLASS is now HOMELESS.map
Only the rich create jobs.
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