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The rich are getting richer, while the rest lose ground
April 25th, 2013
09:00 AM ET

The rich are getting richer, while the rest lose ground

By Tami Luhby, @CNNMoney

(CNNMoney) - The net worth of American households grew by $5 trillion in the first two years of the economic recovery, but not everyone shared in the riches.

The top 7% of American families saw their wealth grow to $25.4 trillion in 2011, up from $19.8 trillion two years earlier. The remaining 93% of Americans experienced a decline in net worth to $14.8 trillion, down from $15.4 trillion, according to a new analysis by the Pew Research Center.

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Filed under: Economy • History • How we live
soundoff (2 Responses)
  1. Jorge

    That's right, U.S.A., tax your working classes dry while your legislators keep their insider trading immunity, give corporations personal rights and write a wealth of loopholes for rich speculators who invest overseas and pillage your Treasury with bailouts, pork projects and no-bid contracts. Your paid talking heads will rail and vow to you how immigrants and your own who are different from you are to blame for your increasing poverty, you will believe them and grind your teeth in anger, and they will snicker over you behind closed doors while they quietly spirit your money off to the Third World, where the fat of the land is growing at a far greater rate than your own...

    April 29, 2013 at 10:31 pm | Report abuse |
  2. Big Shiz

    Way to go republicans,good job.

    April 26, 2013 at 12:13 pm | Report abuse |