Friday, December 27, 2013

RISING SOCIO ECONOMIC DIVISION, DIRE CHALLENGE FOR ADMINISTRATION. 

"From the end of the recession in 2009 through 2011 (the last year for which Census Bureau wealth data are available), the 8 million households in the U.S. with a net worth above $836,033 saw their aggregate wealth rise by an estimated $5.6 trillion, while the 111 million households with a net worth at or below that level saw their aggregate wealth decline by an estimated $0.6 trillion."

http://www.pewsocialtrends.org/2013/04/23/a-rise-in-wealth-for-the-wealthydeclines-for-the-lower-93/

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Warnings from the chief executive of the nation’s largest bank have been consistently at odds with heady financial markets.

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