Posted by: coastcontact | December 9, 2013

Rising riches: 1 in 5 in US reaches affluence

Despite all the tears shed over the income gap in the United States this article is a reason for hope.  Maybe you won’t become part of the 20% earning $250,000 or more but you just might find a path to recovery.

By HOPE YEN
From Associated Press
December 09, 2013 5:47 PM EST

WASHINGTON (AP) — Fully 20 percent of U.S. adults become rich for parts of their lives, wielding extensive influence over America’s economy and politics, according to new survey data.

These “new rich,” made up largely of older professionals, working married couples and more educated singles, are becoming politically influential, and economists say their capacity to spend is key to the U.S. economic recovery. But their rise is also a sign of the nation’s continuing economic polarization.

MORE

Advertisements

Responses

  1. Not quite sure if i believe the authors assertion about the number that reach that status. Maybe once, that was possible, but now, not so possible.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: