Horacio Alger was an outlier?

In a new study, researchers from Imperial College Business School, Columbia University and the University of Maryland found that wealthy individuals in the US can get in relative terms up to 70 per cent times greater returns on their investments than those with modest wealth, when the yields on assets such as stocks and bonds are calculated. The team say that this further widens the income gap between rich and poor and potentially creates disparities in society. [link]

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s