Millionaires continue to climb in the US as more people go out of work

Some people doubt my stance on how politicians always cater to the wealthy. Sure they tell a good story how they will help the poor but eventually the rich always win. Consider this. Last week another report came out showing the number of millionaires in the United States grew by almost 10% in 2010. Meanwhile unemployment soared by an increase of 25% over 2009. But not just Millionaires are growing at a high rate. People with a net worth of over 5 million grew by 8% in 2010 From a Forbes article:

The number of ultra-high-net-worth households, which is defined as those with over $5 million in investable assets, also increased 8% to 1,100,000 in 2010. According to the U.S. Federal Reserve, household wealth was $56.8 trillion at the end of 2010 with millionaires controlling about 56% of U.S. wealth, according to a survey by Fidelity Investments.

The United States is quickly going the way of Mexico and many other countries with extreme class separation. Take a look around you. The middle class is dying. There is only going to be poor or rich.

Which side are you going to be on? Fortunately with the internet anyone of any class can achieve financial success. And with zero investment. All the information is out there. It just takes patience and determination. The social proof is everywhere. There are countless stories of rags to riches. There will never be a more level playing field for people to change their financial stars. But buying an ebook or an info product wont do it magically for you. With all this government intervention and taxes coming around the "gold rush" on the internet is coming to an end. Sources: http://money.cnn.com/2011/05/05/pf/millionaire_rise/index.htm