by Tula Connell, Mar 12, 2010
Two reports out this week offer a telling glimpse into the direction of the nation.
•The number of U.S. households with a net worth of at least $1 million jumped 16 percent last year after dipping sharply during the financial crisis, according to a new report. The Spectrem Group study also found “ultra-high net worth families—those with at least $5 million—grew 17 percent last year to 980,000.
•Some 6 percent of all workers were living in poverty in 2008, up from 5.1 percent in 2007—the highest proportion since 6.2 percent in 1994, according to the U.S. Bureau of Labor Statistics. In 2008, some 8.9 million adults were among the “working poor”—1.4 million more than in 2007.
