Maybe because over 70% of Americans have no assets and 20% of them are technically insolvent. Only 9% of Americans have an investment net worth of over $100,000. If you are in the top 3% who have more than $500,000 in savings, you are viewed as rich.
In the U.S., “the rich” find themselves increasingly disparaged and under attack to “spread their wealth around.” There are plenty of people, organizations, and government agencies greedily eager to help those who “have” join those who “have not.” Increasingly, protecting what you’ve worked hard to accumulate deserves much more attention. Continue Reading »