Thursday, April 25, 2013

Pew Research Poll shows Rich grow richer, poor grow poorer

   A new Pew Research poll indicates that the old adage is true. At least for now. During the first 2 years of the nation's economic recovery, the mean net worth of households in the upper 7 % of the wealth distribution rose by an estimated 28%.

   It dropped by 4% for the other 93% of households. The basic reason; the wealty invest in the stock market and other financials, most regular folks have their main wealth tied up in their homes.

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