There is a truly disturbing report out of Chicago that highlights the massive wealth gap in our country. The Springleaf Financial Strength Survey, found that 33 percent of Chicagoans are living paycheck-to-paycheck and have less than $250. Nationwide 43 percent of families are living paycheck to paycheck.
The Chicago figures are worse than the nation as a whole, which themselves are pretty dismal. Twenty-four percent of families have less than $250 in their account.
This follows a report that wealth has risen to a record $263 trillion, but people (with a net worth of $1 million or more) represent a mere 0.7 percent of the planet’s population control 41 percent of its wealth.