America’s Ridiculously Rich: the 2014 Edition

Imagine yourself part of the typical American family. Your household would have, the Federal Reserve reported last month, a net worth of $81,200. Not much. But 50 percent of America’s households would actually have less wealth than you do. The other half would have more. Now imagine that your net worth suddenly quadrupled to about $325,000. That sum would place you within the ranks of America’s most affluent 20 percent of income earners. You would be “typical” no more. On the other hand, you still wouldn’t be rich, or even close to grand fortune… Read more…