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ktexas
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South Florida's super-rich are stretching the gap between them and the mere wealthy.
The trend is a national one. The last time the richest Americans earned a larger percentage of the nation's income was before the Great Depression.
One interesting point mentioned in the article is that most of today's super-rich are self-made. Only 8% inherited their wealth.
Submitted: Jan 20, 2008
Views: 258
Comments: 3
Likes: 2
View Article: http://www.sun-sentinel.com/news/local/southflorida/sfl-flbsuperric...
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Comments Received:
It's sickening... :o(
Posted: Jan 21, 2008
Intersting article. It's hard to be angry at these people. They earned their money. But, it's also hard to relate.
Posted: Jan 21, 2008
Chris Lund
(Unregistered)
Interesting... I would not have guessed such a high percent of millionaires are self-made. I am an avid learner about wealth building, and I was delighted to learn how good most wealthy people are. In general, I found they were kind, willing to share insights, and most gave at least 10% of their income to charitable causes. Personally, while I am not quite a millionaire yet, I am financially free at age 39, and it is definitely very much first generation wealth. I write a blog giving free advice on wealth building; primarily motivational material, some real estate investing, some other... It is available at http://thelundletters.blogspot.com/ if anyone is interested. I believe that 'you can have your dreams, or you can have your excuses, but you can't have both'. Best wishes everyone!
Posted: Apr 14, 2008