I ASK AGAIN, "WHERE ARE ALL THE JOBS?"

I noted before that the wealthy are doing just fine and a new study confirms that conclusion:

Millionaires make a comeback
Although hit hard during the Great Recession, the wealthy rebounded in 2009, data show.
By Nathaniel Popper, Los Angeles Times
June 11, 2010

In 2008, as the financial crisis raged, the stock market hit bottom and the Great Recession ate into the economy, the number of millionaires in the United States plunged.

But last year the number of millionaires bounced up sharply, new data show.

And after that decline and rebound, the millionaire class held a larger percentage of the country's wealth than it did in 2007.

The consulting firm's latest report on wealth, one of the first broad depictions of how wealth shifted in 2009, indicates that the number of U.S. households with at least $1 million in "bankable" assets climbed 15% last year to 4.7 million after tumbling 21% in 2008.

In the U.S., the number of millionaires in 2009 remained 10% lower than in 2007, but the percentage of Americans' total wealth held by those households was slightly higher, at 55%, according to the consulting firm.