Rich gets richer new study shows…

Those studies are a load of crap for one simple reason. The poor who DO become richer are no longer considered poor. Where do you think Herman Cain fits in for example? He was poor. He got richer. What about rich people who were decimated by the economy? What about the 2.5 MILLION millionaires that were lost in the crash of 2008? When we talk about the rich getting richer, we ignore them. They're not millionaires anymore. The people who STAYED millionaires got richer, but we'll just ignore the former millionaires the same way we ignore the former poor people. Statistics like this aren't going to show that. They're only going to show income changes for poor people that still remain poor and changes for rich people who remain rich because they are going by income categories, not by the people who have gone from one category to another either up or down. Regardless, poor people have the opportunity to get rich. If a poor black man, who grew up in times when racism was common and accepted, can become the CEO of Godfather's pizza during the 2nd worst economic crash in the country's history and become a millionaire, than I don't see what valid excuses anyone can pull for why they have remained poor. Nobody DESERVES to be rich, you have to work hard and earn it.

And that hurts you how?

Well personally things are continuing to get worse with Jobs, housing, expenses etc. to where unless you are well off you struggle, and I don't see how anyone Democrat or republican can help change things. Live in WA state and you will see having a Democrat for governor is hurting us more than helping, so I think unless you get some people in offices to start caring about Americans as a whole there is no hope.

I am sure that all of the right wingers on here will say that this is a good thing, and that it is how it should be. The problem is that they are getting richer not by creating different products, or innovating, but by buy elected officials, and change they system so they can make more money. These actions are hurting the country, and the economy. Individual investors are afraid to get into the market because they know that it NOT set up for them to succeed, but for them to lose money, while the big boys make money. Our system is not capitalism, it is the closest thing to a dictatorship this country has ever come.

That is about right, the top 1% richest and wealthiest individual are getting their income increase at the rate of 400% per year in the past decade. While the middle income group are only have their wealth increase at a rate of about 40-60 % annually. The low income group remain unchange. It is nothing out of the ordinary judging from the massive bail out of wealthy individual owned corporation by government and the extremely generous tax rate and tax credit these individual receive over the years from Republican party to democratic party in congress. The report is within my expectation, the rich are getting subsidize by government every now and then for the passed hundred years. Cool!!

Yes,that's true.As time passes by,the richer gets too richer. They do it by paying their workers low prices,launching new business as an addition to their many businesses that are already making them rich,etc. It is somehow the fault of the middle class and lower class people because they allow this to happen. We should demand higher salaries now.:)

lol This is an incredibly misleading way to paint wealth. It implies that millionaires of old have turned into mega-billionaires whose controlling share in the world has exponentially increased. That's wrong. It's that the idea of "rich" is now different than what it was, not that people who already had money managed to make even more money. It means that LeBron James makes more today than Larry Bird made over two decades ago. It means that someone who starts a company like Facebook is worth more today than someone who started a travel agency in 1984. Who is ignoring it? The thing is that nobody is ignoring it. That's because it cannot be ignored. That's because the context in which people present the argument is false to begin with. It doesn't exist. People are richer today as individuals and as corporations because of the type of world we inhabit. The implication that there's this big pot of wealth in the world that the same rich people have been stealing from for three decades to take away from everyone else is on par with things like the Loch Ness Monster and Bigfoot.

First of all, let's be clear that I am not talking about people who break the law. Rich and poor alike break the law. That being said, the rich do tend to get richer, although their fortunes did not grow, and actually some fell, as a result of this current financial problem. Do the poor get poorer? Some do, but you have a choice. When I was a teen and early 20's I bought new cars every year. Sometimes more than one. I bought 8 brand new cars in 7 years. I used to put money down, 3-5k just so the loan I got was not upside down. But I was investing in a depreciating asset. Not a smart move. Then I got wise. I paid off my last new car, and instead of putting 3-5k in cars every year, I started buying stocks and mutual funds with that money. Assets that have a good chance of increasing in value. Now I buy new used cars (hey let someone else take that depreciation hit) and I don't use loans to get them. Am I now rich? Compared to the Forbes lists, hardly. Did I lose some money as a result of this financial issue? Sure, but so did those above and below me. The thing is I realized that what I was doing was wrong, it was a no win situation. So I changed my attitude, bought stock in the companies I was throwing money at, stopped buying everything in site, stopped using unsecured credit unless I could pay off the balance each month. Instead of spending every penny I got I now have more pennies not to spend.