November 26, 2007 - 11:23 am
A Nov. 13, 2007 online article from Time magazine (“How They Spend It”) quotes Steve Forbes, the CEO of Forbes, as saying, “This is the richest year ever in human history.” According to the article, the recent Forbes 400 list consisted entirely of billionaires for only the second time. The article states: “This past year has seen the number of billionaires grow by 19%, to nearly 1,000, according to the company. In the past 10 years, the number of financial millionaires has more than doubled.”
Remember the days when kids dreamed of being millionaires? Now the dream is to be worth a billion, and apparently it is becoming a reality for more and more people. What I’d like you to think about is that this is the wealthiest generation that has ever lived on this planet. There are exceptions but many young people enjoy access to a lifestyle that was only a dream for their parents–foreign travel, education, unprecedented experiences, etc.
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