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Study Finds The Rich Really Are Getting Richer

Saturday, May 18, 2013 - 2:44 PM
From Consumer Affairs:
The first two years of the nation’s economic recovery have not been particularly even. As a matter of fact, just the opposite appears to be the case.

A Pew Research Center analysis of new data from the Census Bureau data says the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%. Households in the lower 93%, however, suffered a decline of 4%.

To put it in other terms, the mean wealth of the 8 million households in the more affluent group rose to an estimated $3,173,895 from an estimated $2,476,244 from 2009 to 2011, while the 111 million households in the less affluent group saw their mean wealth fall to an estimated $133,817 from an estimated $139,896.

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pearlbrownpearlbrown1,465 posts since
Nov 2, 2010
Rep Points: 6,374
1. Saturday, May 18, 2013 - 3:17 PM

Dear perlbrown,

Looks like surely these rich folks can pay more taxes!

... Tax increase on the Rich ... Anyone?  :-)

Yours Truly,
- Anon
In FED I Trust  :-)
ytytytytytytytyt158 posts since
Jan 28, 2013
Rep Points: 623
2. Saturday, May 18, 2013 - 10:06 PM
Should one take umbrage at having one's wealth referred to as "mean"?
BozoBozo137 posts since
Feb 14, 2011
Rep Points: 944