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Poor Billionaires
Originally posted by Grey Magic
And a select group of international TRILLIONAIRES get even richer
Made my point so please allow this one line post.
Originally posted by vcwxvwligen
The anti-billionaire classism I'm seeing on this site is appalling.
I'd be pretty depressed if I lost $900 million in a year. Anybody who would make fun of that is a hypocrite.
U.S. Millionaires Shrink 27% to Lowest Level Since 2003
Number of Millionaire Households Totals 6.7 Million in 2008, Spectrem Group Reports; Households Worth $5 Million or More Down 28% to 840,000
updated 5:00 a.m. PT, Wed., March. 11, 2009
CHICAGO, IL - The economic crisis has taken a big bite out of America's millionaires.
The number of U.S. households with a net worth of $1 million or more, not including primary residence (NIPR), fell 27% to 6.7 million in 2008, down from a record 9.2 million the year before, according to the new report, "Affluent Market Insights 2009," released today by Spectrem Group (www.spectrem.com).
That is the lowest number of millionaires since 2003, when the millionaire population stood at 6.2 million. Similarly, the number of Ultra High Net Worth households, those with a net worth of $5 million or more (NIPR), dropped 28% to 840,000 in 2008, down from 1.16 million in 2007....
Originally posted by chapter29
Originally posted by vcwxvwligen
The anti-billionaire classism I'm seeing on this site is appalling.
I'd be pretty depressed if I lost $900 million in a year. Anybody who would make fun of that is a hypocrite.
Wrong Pledge..!
Anyone that thought they could make that much money in a lifetime, yet never be susceptible to losing it in the SAME market is a hypocrite as well as ignorant...