The chart that showed the movements of the various percentiles showed an interesting thing, where in 2003, the 25th percentile's wealth started to drop, while at the exact same time the higher percentile's wealth suddenly went up, before dropping after the recession hit. I have a feeling there's a link
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The chart that showed the movements of the various percentiles showed an interesting thing, where in 2003, the 25th percentile's wealth started to drop, while at the exact same time the higher percentile's wealth suddenly went up, before dropping after the recession hit. I have a feeling there's a link
2003 was when the stock market recovered.[1] The wealth of the rich is highly correlated with the stock market.
[1]http://finance.yahoo.com/echarts?s=%5EGSPC+Interactive#symbo...