Sure, the US national poverty rate has risen for 4 consecutive years and median income is stagnant. But the good news is that, according to the recently released Forbes 400, the nation’s 400 wealthiest individuals collectively added $125 billion to their assets last year. (A quick back-of-the-envelope calculation tells me that’s the equivalent of roughly $3,400 per fellow American in poverty.)
No surprise, two Cascadians continue to figure prominently in the rankings. Bill Gates ($51 billion) and Paul Allen ($22.5 billion) rank number 1 and 3, respectively.