May
2012
Tuesday, August 23, 2011
David DeGraw, Amped Status
Submitted by: Kevin J. Ziruolo

Economic Elite Rule America

While 68.3 million Americans struggle to get enough food to eat and wages are declining for 90% of the population, US millionaire household wealth has reached an unprecedented level.

[excerpt] According to an extensive study by auditing and financial advisory firm Deloitte, US millionaire households now have $38.6 trillion in wealth. On top of the $38.6 trillion that this study reveals, they have an estimated $6.3 trillion hidden in offshore accounts.

[excerpt] In total, US millionaire households have at least $45.9 trillion in wealth, the majority of this wealth is held within the upper one-tenth of one percent of the population.

Posted by Editor on 08/23/11 at 07:05 AM •  (0) Comments

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