Rich are getting a lot richer

Another report documents how the rich are getting richer while most everyone else is treading water or sinking. According to a new study by the Pew Research Center, the upper 7 percent of American households saw their average net worth increase 28 percent from 2009 to 2011, while the wealth of the other 93 percent declined by an average of 4 percent. “The changes mean that the wealth gap separating the top 7 percent and everyone else increased from 18-to-1 to 24-to-1 between 2009 and 2011,” the Washington Post reported.