Friday, June 13, 2014

Quote of the Day

Lloyd Blankfein, the CEO of Goldman Sachs "Too much of the GDP over the last generation has gone to too few of the people."

The U.S. has 42% of the world's millionaires, and 49% of those with more than $50 million in assets.  The median (half have more, half have less) wealth of families was $77,300 in 2010, a nearly 40% drop from 2007, according to Federal Reserve statistics. Median household income was $51,017 in 2012, compared to $56,080 in 1999, according to the Census Bureau's most recent statistics.

 Americans' median wealth is a mere $44,900 per adult.

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