The New Gilded Age: The Rise of the Super Rich

Just finished watching CNBC’s documentary, Untold Wealth: The Rise of the Super Rich. Go check it.

"In 1985, there were 13 American billionaires. Today there are over 1,000. And the richest 1% of Americans control more wealth than 90% of the U.S. population – combined. [watch it]

The amounts these people spend on their toys, accessories, properties, and luxuries are jaw-dropping. Nevermind the recession and the record-high gas prices, the super rich could afford anything. That’s why the middle-class millionaires are insecured. Yep, you heard me right: middle-class millionaires.

Ah, well. Welcome to The New Gilded Age.

Comments (2)

  1. Stephen Lark wrote::

    Typo: In 1985, there were 13 American billionaires.

    Friday, June 27, 2008 at 4:21 am #
  2. ~C4Chaos wrote::

    thanks! typo corrected.

    ~C

    Friday, June 27, 2008 at 8:36 am #