Americans Losing In The Wealth Race

[rubenswm]

http://www.forbes.com/2003/06/11/cz_lk_0611wealth.html

NEW YORK - North America's wealthiest individuals saw their accumulated wealth fall 2.1% in 2002 to $7.4 trillion, its first decline in seven years. And the number of high-net-worth individuals (defined as people with financial assets of more than $1 million) slipped slightly as well. In the U.S., the number of high-net-worth individuals fell by 100,000 to 2 million. Those are some of the conclusions of the 2003 World Wealth Report, published today by Merrill Lynch and Cap Gemini Ernst & Young.

 

[Looney]

Where does it say Americans are LOSING the race? Infact, the article didn't say who was leading, or where America stood.

 

[CPA]

Good, maybe the world will stop expecting us to handle all the world's ills. Cause you know, money solves all problems.

 

[AndrewR]

Amazing report. A decline in the stock market, and there's a decline in the net worth of wealthy individuals. Wow! Shocker! It's at these times that I wonder about the phrase "journalist's credentials".

 

something tells we those people are begging for food on the street, so i dont really care for them.

 

[rubenswm]

Originally posted by: Moralpanic
Where does it say Americans are LOSING the race? Infact, the article didn't say who was leading, or where America stood.

check the title.