Speaking of rich people

Among the well-to-do out there - we're talking about folks with an average discretionary income of $342,000 - optimism about the U.S. is at an all-time low. A new survey on affluence in America finds that nearly 80 percent of those sampled in April say a recession is under way, and four in five say it's due to the easy availability of debt. Nearly two-thirds of survey participants remain upbeat about their own lot, but that's down a few percentage points from December. The survey was conducted by American Express Publishing Corp. and Harrison Group.


More by Mark Lacter:
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Those awful infographics that promise to explain and only distort
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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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