The number of rich people in the United States is declining, even as the number of millionaires elsewhere in the world grows, according to a new study released on Thursday. Driven by the United States, North America lost nearly 1 percent of its private wealth in 2011, dropping to $38 trillion in total private assets. Last year in the U.S., the number of millionaire and ultra-millionaire (those with $100 million in assets) households decreased, according to a new study from Boston Consulting Group, a global management consulting firm. The results were part of the group's 12th annual look at the state of world's private wealth. BLOG POSTS | David Callahan: Greed vs. Retirement Security: Excessive 401(k) Fees So what happens in a marketplace when buyers lack information and can't easily exercise consumer choice? Sellers can charge whatever they want. And this is pretty much the case in the 401(k) marketplace. | | Kristen Houghton: Is Alimony Still Necessary? Alimony, in spite of everything else that may be negative about divorce, should be the one part that is fair and just to both parties. No one should be the winner or the loser. | | Women & Co: Promote Your Business: 6 Ways Technology Can Help Whether your company is fully established or is in the "start-up" phase, here are six things you can do to improve your business' findability and increase its exposure to potential customers in the interactive space. | | Mitch Feierstein: Does Anyone Ever Take Responsiblity for Anything Now? Transparency? Accountability? Responsibility? That's for little people. Consequences? Forget it: If you're rich, there are none. We live in Leona Helmsley's world now, and it's not a good place to be. | | Sheryl Sandberg: A New Metaphor for Your Career A career is no longer like a ladder; it's like a jungle gym. For your career, look for opportunities, look for growth, look for impact, look for a mission. Move sideways, move down, move on, move off. | | MOST POPULAR ON HUFFINGTONPOST.COM |
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