Wealth is Back, But Not For Everybody

by Dual Income No Kids on March 16, 2010 · 2 comments

Hi All,

Well, it had to happen eventually. Evidently after the bloodletting in 2008, wealth is coming back.

The Wall Street Journal’s Robert Frank has two great postings on the topic:

1) The US millionaire population jumped 16% in 2009.

2) Resources of the world’s billionaires grew 50% in 2009.

Also, the AP is reporting that US household networth increased 5.5% in the 3rd quarter of 2009.

Despite this good news, not all is peachy keen. African American and Hispanic women lag far behind White women in their overall networth. So, it seems that despite the wealth rebound, not everyone is progressing evenly.



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{ 2 comments… read them below or add one }

1 Keith Morris March 16, 2010 at 10:07 pm

Unless I overlooked something, that Huffington Post article doesn't seem to mention how that gap between races has changed over time. I'd be interested to know whether the gap has increased or decreased as the economy has improved.

2 Financial Samurai March 16, 2010 at 10:25 pm

It's crazy thought, it really REALLY feels like a bull market again! Whatcha think guys? It's rocking here in SF! Property, restaurants, traffic, jobs, NUTS!

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