I had been bouncing around this idea—and trust me, it’s just a wild hare. I was wondering if there was anything interesting to make of the continuing growth in the number of millionaires in the US. There are over 9 million American households with a net worth of over $1M USD, and over one million above the $5M mark.
I’m not qualified to get into the serious economics here, although I just spent a nice little time seeing if I could find any prior commentary on the idea. I was wondering what cultural trends might correlate with the fact that a lot of the kinds of people who are getting rich these days are of a different ilk than the Barons of Industry of the 19th century.
Anyway, I learned that there’s a term, “mass affluent,” which might be a good google-start next time I chase this bunny, but the CNN/Money.com story from a couple of years ago is mostly concerned with the problem of marketing to these folks. Not really what I was looking for.
I also re-encountered Swivel, the YouTube for data, which I forgot to explore the last time I heard about it. I have to finish writing before I go get lost over there!
But there’s obviously something afoot, because last night on the Colbert Premium Report, I learned that there is a butler shortage–something NPR reported months ago but which seems to have been resuscitated by the media in the last week with a flurry of coverage.