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As the average age and wealth of those people rise, their foreclosures are less likely to involve high-interest loans.
The ranks of the rich are set to be thinned in coming years but perhaps the wealth of those that remain will be more soundly based.
Put together, the combined wealth of those 55 is $250 billion, almost the same as one sixth of the country's total economic output.
Robert H. Frank, an economics professor at Cornell, has written about the phenomenon of Americans who feel impoverished because of the towering wealth of those above them.
"Anytime you have been overseas in these so-called third world countries, one thing you see is a vast disparity of wealth of those who are part of the power structure and those outside of it".
We use data from Forbes to calculate the total wealth of those of the world's billionaires who are active mainly in rent-heavy industries, and compare that total to world GDP to get a sense of its scale.
Similar(32)
Look at the wealth of the Vatican!
Regardless of the wealth of any nation, those who are poor, sick, very young or old, and those working intensely in high heat exposure are most at risk (10).
The findings, from the Bronze Age to the Middle Ages, include a wealth of objects, particularly those found in tombs.
SINCE its beginnings as a farming community, the Westchester village of Tuckahoe, in the town of Eastchester, has always provided a wealth of opportunities for those who live there.
Such skills provide a wealth of opportunities for those who acquire them, for their future employers and for the nation at large.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com