Richistan Blog 1

Frank entices the readers of his book, Richistan, by starting the book off with an extremely interesting and thought provoking fact that he found. Which, he shares, actually got the book off the ground and going, it was his inspiration. The fact goes, "The number of millionaire households had more than doubled since 1995 to more than eight million." Frank calls this a "wealth boom" and that is exactly the case. I love that he chooses to open with this because it grabs me right away. This fact is really incredible if you think about it. First, most of these households are pulling in much more than just exactly 1 million dollars, its not exact like that. Many of these households are 20 million or higher and the number of the multimillionaires is on the rise. As I have learned out of class, and heard a million times with the 1 percent fiasco, the majority of the nations wealth is owned by a very small population, the 1 percent. That is why this book is so incredibly applicable to every single person in the United States, rich or poor. Secondly, the number has more than doubled in just a few decades. What this really does for me is it brings me more questions, it sparks my mind. In 30 years just how rich are our richest going to be? Its a bit of a scary question to think about especially if you are not sitting at the top of the 1 percent in your household.