A Rise in Wealth for the Wealthy; Dec...

A Rise in Wealth for the Wealthy; Declines for the Lower 93%

Posted in the Grand Rapids Forum

Phil

Ortonville, MI

#1 Jul 29, 2013
vox veritatis

Grand Rapids, MI

#2 Jul 29, 2013
"Note: in 2011,'lower 93%'refers to households with a net worth at or below $836,033....the mean wealth of the 111 million households in the less affluent group fell to an estimated $133,817 from an estimated $139,896."
Sheesh...cry me a river.
Ron

United States

#3 Jul 30, 2013
The rich keep getting richer and the poor keep getting poorer. The Democrats always do as they blame.
Chip

Madison, WI

#4 Jul 30, 2013
Phil wrote:
http://www.pewsocialtrends.org /2013/04/23/a-rise-in-wealth-f or-the-wealthydeclines-for-the -lower-93/
Suckers!!!!
"Affluent households typically have their assets concentrated in stocks and other financial holdings, while less affluent households typically have their wealth more heavily concentrated in the value of their home."

Looks like the article explained exactly why the wealth of the wealthy increased at a faster pace. So I wonder what exactly was the point of the article other than to inflame people with the title.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Grand Rapids Discussions

Title Updated Last By Comments
Poll Any parents of children in jail forum (Jul '09) 19 hr Carter 58
Art Van Scam (Oct '08) Sat MUman 50
Local News Women (Apr '09) Feb 17 Anonymous 2,838
Texas Girl With a Great Plan (Sep '12) Feb 15 Gaxtell 74
News GR man charged in 2002 Kalamazoo murder (Aug '08) Feb 15 Like to know 28
are the protesters going to jump Feb 14 Oneal 37
News OMG, g/f text gets teen driver ticket (Jul '10) Feb 14 Phartingly 35

Grand Rapids Jobs

More from around the web

Personal Finance

Grand Rapids Mortgages