Fact Checking Trillions

Talked to Don Winter, VP of the Harrison Group, who wanted me to clarify a few things in my earlier post — nothing as earth shattering as the figures I shared with you. I am still stumbling over that TR word, TRILLION….

One, the top 5% of the wealthiest in America control $32 trillion in private assets. The rest — 95% — control only a mere $7 trillion. The top 5% spend $1.3 trillion annually. And finally, Don said the average age of these mega trillionaires is 47, not 45. Which makes me feel a whole lot better.