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The Exaggerated Income Gap?

That was the title of a Barron’s article this past week. There’s been more and more press about the gap between the rich and the poor. In my work as a real estate agent focussing on renting to low income people, I see people who aren’t lazy, but just the opposite. Showing me proof of [...]

The Income Gap

An issue that wont go away and lately, pretty tough to ignore.

When the Middle Class is No Longer

A couple weeks ago, I read a Times’ article The Typical Household, Now Worth a Third Less. The punchline of this article was the fact that the US median household saw their net worth fall from $87,992 in 2003 to $56,335 in 2013. The article linked to a report, Wealth Levels, Wealth Inequality, and the [...]

The Concentration of Wealth

The Boston Consulting Group recently issued a report on global wealth, Global Wealth 2013, Maintaining Momentum in a Complex World. A few of the statistics from this report caught my attention: Global Wealth ended 2012 at $135.5 trillion. 39% of this wealth was held by 1% of all households. The number of millionaire households rose [...]

Time to Raise The Minimum Wage?

President Obama recently called for an increase in the minimum wage, from the current $7.25 to $9.00 per hour. I found two charts to be of interest in furthering this discussion. First, the minimum wage as a percent of poverty level income. This graph helps illustrate how those earning only minimum wage have failed to [...]

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