Word: riche
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Dates: during 1960-1969
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Scott Fitzgerald's bromide that the rich "are different from you and me" got a little new fizz from a Federal Reserve survey of upper-income families...
Originally ordered to determine the size of the market for bonds, the survey turned up some hitherto unavailable information about the 600,000 American families-1% of the population-whose yearly incomes are $25,000 or more. The most interesting statistics came from those that the Federal Reserve considers "rich" ($50,000 or more) and "very rich" ($100,000 and up). Items...
...greater proportion of rich families is located west of the Rockies than in any other part of the U.S.; the smallest is located in the South...
...rich tend to get richer. In the $50,000-and-over income group, $80 out of every $ 100 of assets is busy making money, while families in the $5,000,810,000 range hold only $36 out of every $100 in income-producing assets...
MOST major department stores are dominated by family dynasties-Macy's, Gimbels, Neiman-Marcus, Atlanta's Rich's. The biggest dynasty of all is perpetuated by the descendants of German immigrant Simon Lazarus, who settled in Columbus in 1850 and started a store that eventually blossomed into Federated Department Stores, the largest U.S. department-store chain. Federated's 60 outlets include New York City's Abraham & Straus and Bloomingdale's, Boston's Filene's, Miami's Burdine's and Houston's Foley's. Last week President Ralph Lazarus...