MURDER, POLITICS, AND THE END OF THE JAZZ AGE
by Michael Wolraich
Order today at Barnes & Noble / Amazon / Books-A-Million / Bookshop
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MURDER, POLITICS, AND THE END OF THE JAZZ AGE by Michael Wolraich Order today at Barnes & Noble / Amazon / Books-A-Million / Bookshop |
Just as there are two economies today — the rich and everyone else — there are also diverging definitions of rich. There’s America’s definition (the top 5%) and the wealthy’s definition.Yes, John McCain believes the definition of rich starts at $5 million. Pity the poor American who earns only $1 million.
A new survey by Chicago-based Spectrem Group asked affluent households (those with investible assets of $500,000 or more) how much it takes to be rich. Of the respondents, 45% said $5 million or more, 25% said $25 million or more, and 8% said $100 million (It’s a good bet that the 8% lives in Manhattan or Silicon Valley.)