From The Village Voice:
In the past generation, the increasing polarization of American incomes has created a new class: the super-rich. The number of households worth over $1 million nearly doubled between the early 1980s and the late 1990s. In 2003 two economists at the Boston College Social Welfare Research Institute reconfirmed their 1999 prediction that an astonishing $41 trillion of personal wealth, including assets like real estate, will be bequeathed from one generation to the next over the next 55 years. Just as the average boomer offspring is struggling to make a living, the children of the brightest new American success stories can’t be blamed for feeling a little inadequate when comparing their parents’ achievements with their own.
More here.
