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

Posted in the Grand Rapids Forum

Phil

Oxford, 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.

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