This blog provides comments and thoughts on the financial markets and specifically—dividend producing investments.
The following is copied from The Rezny Wealth Report. Brian Rezny has a Sunday morning radio show that I recommend: also streamed on the Interweb thru the radio station. http://www.610wiod.com/main.html
“The wealthy have gotten wealthier. The rest of America hasn’t.
From 2009 to 2011, the wealthiest 7% of American households (which amounts to around 8 million households) saw their average net worth climb 30%…from $2.5 to $3.2 million. At the same time, the remaining 93% of Americans saw their average wealth fall 4% to $134,000 (according to a Pew Research Center analysis of new Census Bureau data).
And by the end of 2011, the top 7% commanded 63% of the nation’s wealth up from 56% in 2009.
Those numbers would lead some to say the system is flawed. Or that
the rich aren’t taxed enough.
But the answer for the widening gap in wealth equality is simpler than that: it’s the stock market and the housing market.”