6.26.2008

Untold Wealth: Rise of the Super Rich - CNBC


"-2007 was the first year that making Forbes magazine's list of 400 richest Americans required more than $1 billion. (The cutoff was $1.3 billion.)

There are roughly 150,000 households in the United States with a net worth of at least $20 million.
In 2004, the last time the Fed provided data, there were 649,000 American households worth $10 million or more, a nearly 300 percent jump since 1992.

Most heads of wealthy households hold college degrees beyond a bachelor's degree.

Older women are wealthier and poorer simultaneously compared to older men.

Older women (as a group) own more wealth than older men (as a group) but own less wealth, on average per individual, than do older men.

Women live longer than men -- wives inherit husband's share of wealth more often than other way around and older women outnumber older men about 2:1.

About 51 percent of the individual giving and philanthropy is from the 10 percent of households in the highest income groups.

Over the past 5 years the business jet industry grew 85%

The earners in the top 1 percent in income distribution bracket make 20% of the money.

Private jet travel is the fastest growing luxury market segment. Over 15% of all flights in the U.S. are by private jet.

There are more than 1,000 daily private jet flights in key markets such as South Florida, New York and Los Angeles.- (Elite Traveler Magazine)."-CNBC

Some fast facts from the CNBC website. I just watched this and it was ppuurreee glory. I will never delete this one off tivo. Check out CNBCtv for thee previews and such.