Comments on: Gap Between Ultra Rich and Regular Rich Continues to Grow http://www.savingwithoutabudget.com/news/gap-between-ultra-rich-and-regular-rich-continues-to-grow/ Saving Lots of Money Is Easy. I'll Show You How. Sun, 05 Sep 2010 13:11:00 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: David Gaw http://www.savingwithoutabudget.com/news/gap-between-ultra-rich-and-regular-rich-continues-to-grow/comment-page-1/#comment-11696 David Gaw Thu, 19 Apr 2007 13:52:16 +0000 http://www.savingwithoutabudget.com/news/gap-between-ultra-rich-and-regular-rich-continues-to-grow/#comment-11696 I don't think the information presented actually says what you think it does. It says that the *number of households* in the top category is growing. It doesn't say anything about how fast the *wealth* of the households in any category is growing. That doesn't suggest any widening gap: the growth of the top bracket simply means people are moving out of the lower brackets into the top one--the less rich are becoming the more rich. Which if you're less rich is probably a good thing. Even then, though, its not a remarkable statement, because the numbers are percentages, and one would expect the top tier to be small, meaning a relatively small number of people would produce relatively large percentage growth. I don’t think the information presented actually says what you think it does. It says that the *number of households* in the top category is growing. It doesn’t say anything about how fast the *wealth* of the households in any category is growing. That doesn’t suggest any widening gap: the growth of the top bracket simply means people are moving out of the lower brackets into the top one–the less rich are becoming the more rich. Which if you’re less rich is probably a good thing.

Even then, though, its not a remarkable statement, because the numbers are percentages, and one would expect the top tier to be small, meaning a relatively small number of people would produce relatively large percentage growth.

]]> By: coRank http://www.savingwithoutabudget.com/news/gap-between-ultra-rich-and-regular-rich-continues-to-grow/comment-page-1/#comment-11693 coRank Thu, 19 Apr 2007 13:15:27 +0000 http://www.savingwithoutabudget.com/news/gap-between-ultra-rich-and-regular-rich-continues-to-grow/#comment-11693 <strong>Gap Between Ultra Rich and Regular Rich Continues to Grow</strong> A recent survey showed that the number of households with a net worth greater than $5 million grew by a rate of 23% during 2006, while the total number of households with a total net worth greater than $500,000 grew by only 9%. Translation%3 Gap Between Ultra Rich and Regular Rich Continues to Grow

A recent survey showed that the number of households with a net worth greater than $5 million grew by a rate of 23% during 2006, while the total number of households with a total net worth greater than $500,000 grew by only 9%. Translation%3

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