Manuel Mikes
With the stock market rising we are
seeing more millionaires than ever before right here in the US. According to
Chicago research wealth firm group. With
the rising stock it has created a new gap in between households the 500,000 and
the millionaires. Most of the wealth has gone to the already wealthy 80 % of
stock holders are Americans.
President of Spectrum Catharine McBreen
said the wealthy were able to keep their stocks in the recession while the less
wealthy bailed out. Normally when
markets hit their highs Americans feel wealthier and spend more paper, least
according to the wealth effect. One quarter focused on generating the money
while the rest on saving some money.
“Around the globe looks like we will
have five million millionaires by 2017. Credit Sussie says North America has
40,000 residents worth 80 million dollars. “Frank Roberts” This means US still
a giant when it comes to making millionaires. But as we push forward in this
uncertain economy the new some still wonder if they could meet their financial
needs. Wealthy Americans feel secure and are able to take advantage of
investments. But for investors with 100,000 to invest anxiety has dropped some
and will most likely take some chances.
United States have 408
billionaires. But around the globe 1,453 and there is more maybe about 4,000
but some will remain quiet because of gain by illegal activity.
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Manuel Mikes IV or visit my blog @ www.manuelisgreat.blogspot.com
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