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.

Best,

James

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