In the US, over the last 30 years, the number of very wealthy people has grown. In 2014, the number of US households with $1 million or more – excluding the value of their main home – increased by 500,000 to 10.1 million. There were 1.3 million households worth $5 million and 142,000 worth $25 million or more. Since the 2008 financial crisis, the gap between the rich and the poor has grown and the situation “has gotten worse for the wealthy,” Cockrell said. The main reason? Not knowing if your friends are friends with you or with your money. “Someone else who is also a billionaire – they don’t want anything from you. Never being able to trust your friendships with other people, I think that is difficult,” said Cockrell.
What is something that got worse for the wealthy since the 2008 financial crisis?
They don’t know if their friends are truly their friends They are no longer trusted by their less wealthy friends They lost more than $1 million on average They have been receiving more threats