The 400 wealthiest families in the U.S. aren’t just filthy rich, they are downright dirty. Collectively, these households own $1.37 trillion dollars; a number so high that it’s nearly impossible to comprehend. Here are 11 shocking things $1.37 trillion can buy that you can’t.
- The richest 400 households can pay off every student loan for every single student in the entire United States. No more paying for an education, so that you can get a good job so that you can… well, pay off your education.
- The richest 400 could pay your rent, and the rent of every single renter in the entire United States for three years.
- The richest 400 could pay the mortgages of every house in the whole country for 14 full months.
- The richest 400 households can buy every single house that was foreclosed on in 2007 and 2008.
- The richest 400 households could pay the annual salaries of 19 million families for one year. So go ahead, take that year-long, family vacation around the world you’ve always dreamed of.
- The richest 400 can pay off all credit card debt for every single person in the entire United States. Imagine that! No more credit card debt looming over your shoulders!
- The richest 400 households can afford to give a $10,000 bonus to every single worker in the entire country. What would a hardworking person like you do with that extra money?
- The richest 400 can afford to buy a new car for every family in the United States. Meanwhile, many of us must ignore the flashing check engine light.
- The richest 400 can pay for 3 ½ years worth of gas for every driver in the country.
- The richest 400 households can afford to triple the number of teachers in the United States, then give every single one a $30,000 raise. Teachers are being laid off everywhere, their salaries are being cut, and they are suffering. Teacher-to-student ratios in schools are abysmal. But what can we do about it when so much wealth is in the pockets of so few families?
- The richest 400 families alone could replace 70% of all money lost in the Great Recession, for everyone! How much money did you, your parents, or grandparents lose in the Great Recession of 2008? 30%, 50% of your portfolio? Not only do the rich still have enough money to fund their wildest dreams, but they can also fund your retirements.
Lets not forget: it’s not that they *still* have money despite the recession, but that they are the ones vacuuming up assets everyone else has lost, turning even deeper profits *thanks* to the recession. These numbers really put that wealth into perspective eh?