Sunday, June 1, 2008

Economic Downturn Has Little Effect on the Super-Wealthy

The top 1% of Americans control 33% of the nation's wealth - that's $17 trillion in wealth, which is greater than the GDPs of Japan, Germany, the U.K. and France combined.

This group has so much money that it is "not really affected by the economic downturn."

Source: ABC News, May 16, 2008

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