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Top 7% Growing Richer, Other 93% Not Doing Nearly as Well

Posted: Apr. 25th, 2013  |  By DailyLuxe News

Photo: Zgeek.com

From 2009 to 2011, households in the top seven percent of wealth distribution saw a rise in household net worth of 28 percent, according to Pew Research.

The remaining 93 of the households saw a four-percent increase in net worth over the same time frame. The wealthy have diverse financial portfolios, whereas the households of average means tend to have their money tied up in the houses.

From 2009 to 2011, the mean wealth of the 8 million households in the more affluent group rose to an estimated $3,173,895 from an estimated $2,476,244, while the mean wealth of the 111 million households in the less affluent group fell to an estimated $133,817 from an estimated $139,896.

Read More on pewsocialtrends.org
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