Rise of the Super-Rich Hits a Sobering Wall

The rich, as a group, are no longer getting richer. Over the last two years, they have become poorer. And many may not return to their old levels of wealth and income anytime soon.

Full-text article by David Leonhardt and Geraldine Fabrikant is available via The New York Times, 8.20.09.

Americans' Spending Unlikely to Rebound Anytime Soon, Survey Finds

Economists and politicians are pointing to signs of recovery in the stock market and other economic arenas. But a new survey suggests that Americans’ discretionary income and purchases—as well as their charitable giving—are unlikely to return to pre-recession levels anytime soon.

Full text article by Holly Hall is available via The Chronicle of Philanthropy, 8.7.09.