Friday, June 29, 2007

Singapore, India, Indonesia, Russia produced the most new millionaires


"PARIS - The number of millionaires in the world increased by 8.3 percent in 2006, with about 9.5 million individuals now estimated to have more than a million dollars in financial assets, a report said Wednesday.

The survey by financial services group Capgemini and US investment bank Merrill Lynch said strong global economic growth and gains on the stock market explained the expansion of the exclusive club of "High Net Worth Individuals" (HNWIs).

The financial assets owned by the group totalled 37.2 trillion dollars (27.7 trillion euros), an increase of 11.4 percent from 2005, with Singapore, India, Indonesia and Russia producing the greatest number of new millionaires."

yada yada..
and the income gap will be ever growing..
the newspapers always report the rich getting richer or the rich man's club getting bigger
what is done to help the mid - low income families?
what is done to close the gap?

you and i can see for ourselves.

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