Economic Dichotomy

We live in a very interesting time-economically.  Dictionary.com defines dichotomy as “division into two mutually exclusive, opposed, or contradictory groups”.  At this exact moment in time we have more Americans declaring personal bankruptcy than ever before.  The statistics are staggering.  One stat I read indicated that over 1.5 million people would declare personal bankruptcy this year and that figure is up 30-40% from last year.  Those “statistics” are even more sobering when you realize that they are your neighbors, friends, business associates, and relatives.  

At the same time, at this exact moment, one of the fastest growing minorities in America is millionaires, specifically home-based millionaires.  How can those two things simultaneously be true?

One of the big reasons for this is the further demise of the middle class.  It is disintegrating right before our eyes.  This brings up a question each of us must answer- which of those two groups do you want to be part of?