From the sounds of things, the super rich haven’t been so impacted by this recession. Or they’re back on their feet much faster than the rest of us.
Today’s NYTimes writes that for every Goldman guy whose bonus is not only restored but bigger than last year’s — an unfathomable concept to the rest of us — in fact the rich are hurting, too. Net worths have plummeted, and many won’t be restored any time soon.
In the foreseeable future, the expanding income disparity between rich and average people — the greatest since the great depression — may have come to a screeching halt.