Wednesday, October 20, 2010

ARIZONA: A CASE STUDY IN TRICKLE-DOWN FAILURE

The millionaires have made a comeback in America as a whole and in Arizona in particular, SO WHERE ARE THE JOBS?
Arizona millionaires on the rebound
Phoenix Business Journal
Date: Wednesday, September 29, 2010, 4:13pm MST - Last Modified: Friday, October 1, 2010, 10:00am MST

Out of Arizona’s 2.46 million households, 117,094, or 4.76 percent, claim the elite status in 2010. That compares with 120,116, or 5.23 percent, in the peak year of 2007 in the five-year survey. The total dropped to 114,744 in 2008 and 107,355 in 2009 before heading back up.

The list, compiled each year by Phoenix Marketing International, bases its rankings on households with at least $1 million in investable, liquid assets and does not count sponsored retirement accounts or real estate values.

The overall number of millionaires in America also is up, rising 7.6 percent from 2009 to 5.56 million.

2 comments:

Ken Hoop said...

Diane Rehm had an expert discussion of the Euro strikes today and it was pointed out the workers are paying for the sins of the bankers.

Steve J. said...

One of the reasons I'd like the top 2% to lose their Bush tax cuts is to get at least a little back from the banksters.