| inbluevt | Date: Thursday, 2013/04/25, 8:22 PM | Message # 1 | DMCA |
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OK, the title pretty much says it, but here is what is behind the title:
During the first two years of the nation’s economic recovery, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% dropped by 4%, according to a Pew Research Center analysis of
newly released Census Bureau data.
From 2009 to 2011, 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, while the mean wealth of the 111 million households in the less affluent group fell to an estimated $133,817 from an estimated
$139,896.
Here are the rest of the details
And just imagine... If the billions in bank bailouts had gone to some of those homeowners, (to pay to the banks on their mortgages) how different those figures would look now.
Message edited by inbluevt - Thursday, 2013/04/25, 8:27 PM |
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