USA And The Future Of The World

[acharya]

Here's what Richistan looks like:

*
Lower Richistan. About 7.5 million households worth between $1 million to $10 million. However, "many Richistanis say that Lower Richistanis don't even belong in their country. They refer to the Lowers as 'affluent,' the ultimate Richistani insult," Frank writes.
*
Middle Richistan. More than two million Americans have a net worth between $10 million and $100 million. This may also include many in Thomas Stanley's "The Millionaire Mind" published in 2000. Their average net worth was $9.2 million, but inflation may protect them from that snarky "affluent" insult.
*
Upper Richistan. Frank says there are "thousands" with $100 million to $1 billion. Sadly, the Uppers recently increased with the firings of several greedy CEOs from Citi, Bear, Merrill and Countrywide.
*
Billionaireville. Forbes listed only 13 in 1985. By 2007, more than 400. Since 1995 their wealth has more than doubled to over a trillion. Another source says there are more than 1,000 American billionaires, many under the radar.

Although Richistan's population is less than 10 million today, they control more than 90% of America's wealth.