12% of US Millionaires Are Educators

texasred 2012/04/04 20:55:30
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Those poor, deprived teachers now make up
12% of US millionaires.

And, here we thought
it was the evil bankers and greedy doctors who were making all the money?

The Wall Street Journal Blog reported:

America’s millionaire
population is still growing – though not by much. The number of millionaires in
America grew by 200,000 in 2011, according to a new report from Chicago-based
Spectrem Group. That sounds like a lot — especially with so many Americans
still losing jobs and homes. But it represents a growth rate of only 2% – much
slower than the growth in 2009 and 2010. According to Spectrem, there are now
8.6 million households in the U.S. with a total net worth (minus principal
residence) of $1 million or more.

The number of
households worth $5 million or more and $25 million or more also remained
fairly flat, with growth of less than 2%. There are now 1,078,000 households
worth $5 million or more and about 107,000 people worth $25 million or more.
The number of millionaire-households is still well below the pre-crisis high,
when there were 9.2 million worth $1 million or more. (Spectrem uses surveys of
more than 2,500 families for its report).

George Walper,
president of Spectrem Group, said the results show that weak financial markets
and the slow recovery in real-estate (especially investment real-estate for the
wealthy) held back growth. “We’re still not back to pre-crisis levels,” he
said. He added that while the optimism of millionaires is increasing, “these
folks are still worried.”

The report also broke
down today’s millionaires by occupation and former occupation if retired. Managers make up the
largest group, with 17%, followed by educators (12%),
corporate executives (7%), entrepreneur/business owners (6%) and attorneys and

Obviously, teaching is
not just 'for the kids' anymore.



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  • Denny 2012/04/05 18:22:35
    Is it the teachers or the administrators who milk the top share of tax payer monies before even starting to educate our kids?? Or the Unions taking another big piece. It's time to get rid of both.
  • texasred Denny 2012/04/05 20:11:04
    I believe it's mostly the administrators and Unions. And I agree; it's time to get rid of both.
  • Demonic Rat Hunter 2012/04/05 04:37:29
    All of the above.
    Demonic Rat Hunter
    Weren't they the ones leading the charge in Wisconsin "Whining all the Way".
  • texasred Demonic... 2012/04/05 18:08:09
    Yep. And have put millions into getting Walker recalled.
  • Ken 2012/04/05 03:43:34
    All of the above.
    Enlightening, isn't it?
  • texasred Ken 2012/04/05 18:09:57
    I have some friends that retired from education. Love them to death, but they go to Europe once or twice a year. I can't afford that. So I wasn't that surprised to see this.
  • Louisa - Enemy of the State 2012/04/05 01:05:28
    All of the above.
    Louisa - Enemy of the State
    I beg your pardon. These people are not 'educators'. They are indoctrinator!!.
  • texasred Louisa ... 2012/04/05 18:10:35
    Not all, but way too many. And it irritates the hell out of me that our tax dollars go there.
  • Gregaj7 2012/04/05 00:48:01
    All of the above.
  • texasred Gregaj7 2012/04/05 18:11:08
    I agree. But that won't take the tax dollars away that support these people.
  • Gregaj7 texasred 2012/04/05 19:25:30
    Land-Patent/Allodial Title.
  • texasred Gregaj7 2012/04/05 20:16:13
    That's interesting!
  • Gregaj7 texasred 2012/04/05 21:19:49
    Happy researching.
  • texasred Gregaj7 2012/04/05 21:42:00
    Oh yeah.... I've bookmarked it.
  • Gregaj7 texasred 2012/04/05 21:57:35
    Pray for discernment, as with anything there are lies mixed with truth on the issue.
  • texasred Gregaj7 2012/04/05 22:26:02
    Yeah... quite a human failing.
  • Jackie G - Poker Playing Pa... 2012/04/05 00:32:08
    Yet our children score lower than most other nations.
    Jackie G - Poker Playing Patriot
    Geez, how the hell did this happen.
  • texasred Jackie ... 2012/04/05 18:11:41
    Dems and Unions!!!
  • The Sane One 2012/04/04 21:12:19
    The Sane One
    I wonder just how many of those 'millionaires' are administrators, instead of educators.

    Just because you work for a school district or college doesn't mean you're an educator.
  • texasred The San... 2012/04/04 21:13:20
    Probably most of them. But that doesn't change the fact that our children are being robbed.
  • The San... texasred 2012/04/04 21:16:10
    The Sane One
    true-- but they're being robbed by the school boards and administrators, NOT the teachers.

    Also, you may want to take a look at the salaries of the NCAA coaches-- the number of coaches with multimillion dollar salaries in the football program in the NCAA probably makes up a significant percentage of the total.
  • texasred The San... 2012/04/04 21:20:23
    Don't kid yourself... there are teachers sitting there collecting paychecks that aren't even close to doing their jobs. Tenure allows for that.

    And this is talking about the number of millionaires growing by 200,000 in 2011. I'm pretty sure the NCAA coaches were already millionaires.
  • The San... texasred 2012/04/04 21:26:28
    The Sane One
    The number of teachers collecting paychecks without doing any work is probably VERY low.

    What I was trying to point out is that the college level athletic programs (and even high school athletic programs, when you come down to it) are taking funds away from programs that actually TEACH the kids how to survive in the real world.
  • texasred The San... 2012/04/04 21:41:25
    Very low? I know people in education and they would probably dispute that premise.

    And while I agree that college athletic programs, including high school, receivce a lot of funding, we all know that our children are not being taught how to survive in the real world, period. We spend more money, per capita, on our children's education than most other nations and we are failing them, period.

  • The San... texasred 2012/04/04 22:12:46
    The Sane One
    A large part of that is because we're buying the kids new textbook editions every year, instead of reusing them for a few years.

    The administrators are getting new computers at exorbitant prices, while the teachers often have to get basic materials for the students out of their own pockets.

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