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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (793873)	7/6/2014 1:49:24 PM
From: 2MAR$	Respond to of 1578646

Another exceptional truth, the rich do get richer ...The richest 5 percent had 24 times as much money as the median household last year, that's up from 16.5 times as much in 2007 Associated Press reports. "Stocks soar, and most Americans just don't care" cbsnews.com The richer and more educated people are, the more likely they are to invest in the stock market. Some 80 percent of households earning $75,000 a year or more are in stocks, including retirement accounts, Pew found, while just 15 percent of those earning less than $30,000 have invested. The people who stayed in stocks have watched them surge recently, more than making up for the losses seen after the financial crisis that began in 2007. The stock market gains over the last few years have helped the wealthiest recover from the economic recessions. The richest 5 percent had 24 times as much money as the median household last year, The Associated Press reports. That's up from 16.5 times as much in 2007. The gains for the wealthiest serve to reinforce some economists' views that inequality in the U.S. is getting worse. Economist Thomas Piketty recently told CBS MoneyWatch that the gap between rich and poor has reached "spectacular" heights