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Tough Times for the Millionaires

Don’t feel alone if you are struggling to make ends meet in this sluggish economy. Just as you are wondering about how you are going to pay the rent or afford school clothes for your kids, the nation’s millionaires are having a tough time scaring up change for their round the world cruise or having to forgo the new paint for the yacht this year. We are all suffering.

The article at Bloomberg describes the struggle it can be for one of the 5.5 million households in the US trying to eek by on only $1,000,000 a year, but there is only so much money to go around. While the article says that 5% of the US population actually controls over half of the country’s 56 trillion dollars in wealth, they don’t mention that just 400 families in the country control most of that. The poor millionaires and multimillionaires just have to limp along in last years Bentley or Rolls and only eat their imported Beluga caviar once a day!

So when you are standing in the line at the food stamp office, reading in the paper that the Republican congress is working on your behalf to stop inflation by cutting entitlement programs (like food stamps) just realize that half of those folks are poor millionaires struggling to make ends meet, just like you.

Tags: money