02 Apr '11, 9pm

Top 5% in U.S. Own Nearly 2/3 of Everything. Must read info and

Top 5% in U.S. Own Nearly 2/3 of Everything. Must read info and

…such as bank account balances, savings, and real estate, minus total liabilities, such as mortgages, credit card and other debt, and outstanding medical bills. Wages and income are important measures of economic well-being, but wealth offers another valuable perspective on families’ financial security and ability to withstand job losses or other economic setbacks. ‘The State of Working America’s Wealth’ notes that these large disparities in wealth explain, in part, why the economic recovery feels different to different people: Typical families and workers continue to struggle against high rates of unemployment, stagnating wages, and foreclosure, while the wealthy have enjoyed significant gains in the stock market, and benefited from corporate profits.”

Full article: http://ecolocalizer.com/2011/04/02/top-five-percent-in-u-...

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