Infuriating Facts About Our Disappearing Middle-Class Wealth [1]

A recent posting [2] detailed how upper middle class Americans are rapidly losing ground to the one-percenters who averaged $5 million in wealth gains over just three years. It also noted that the global 1% has increased their wealth from $100 trillion to $127 trillion in just three years.

The information came from the Credit Suisse [3] 2014 Global Wealth Databook (GWD), which goes on to reveal much more about the disappearing middle class.

1. Each Year Since the Recession, America’s Richest 1% Have Made More Than the Cost of All U.S. Social Programs

In effect, a reverse transfer from the poor to the rich.