Are we getting richer? Do we even care anymore because you know that whole american dream thing
we're supposed to be chasing it seems like it's getting harder and harder to have those dreams
anymore for a lot of us i mean we're working more hours than ever before but it kind of seems like
for many of us we're treading in place it's hard to get wealthy in the united states these days
with increased taxes and rise of cost of living and big corporations taking the juice out of the
fruit seems that today for a lot of us now a good goal is just to work hard and save and
bank on that retirement one day one day one day and the answer that first question is yes we're
getting richer sorta the rich are getting richer since 1970 the percentage of wealth from the upper
class has gone up from 29 to nearly half that means the upper class now has half the wealth
and the middle class share of the economy has gone down from two-thirds to 43 percent the lower class
is even poorer than it was 50 years ago now the places we're going to talk about certainly aren't
lacking in the bank department they're rich pal places we're going to talk about have the
wealthiest most successful and powerful people in the whole country how do they get so rich
and what do they do with all their money we'll talk about that too of course we always do now
let's look behind the gate at who all the big shot moneybags are in the united states today
the richest people do we really care i guess so cause we're talking about it right now
no your eyes are not deceiving you yes we're in new mexico you might be thinking isn't new
mexico like mostly poor people and criminals yes there's a lot of that here for sure but not here
in los alamos county no way boy it's true look at this while the top three richest counties
in the country are all basically washington dc suburbs los alamos county new mexico is home to
the fourth highest median incomes of all where on average the typical person earns more than 100k
a year annually that's everyone it's the large number of really important high-paying jobs that
make this place home the biggest concentration of millionaires on the whole region where one
in five residents is already a millionaire one in five people in this town can you imagine the
reason for this pile of money is the los alamos national labs is here and it employs ten thousand
of this county's eighteen thousand residents the average pay here is 135k a year it's a bunch
of scientists and phds and military people who have important jobs that nobody else knows how
to do the average home price here is six hundred thousand dollars and going up all the time too
now earlier i talked about how tough it is to get wealthy in america these days this bloomberg
article points out many reasons why and talks about the three main ways people get rich in
the united states on the stock market through real estate and by starting up a new business starting
up a new business is hard these days bloomberg says because big corporations make it harder for
smaller folks to stake a claim stock market wealth is something very few are able to accomplish
and many fail trying and the housing market isn't as easy to break into anymore either high housing
costs and a shortage of available homes means building a real estate empire is tougher now
than ever so we just try to rise up the corporate ladder and hope for the best if you can afford the
college education needed to take that first step on the ladder but it's america and with
hard work and determination we can do anything just ask the people down in our next wealthiest
region the dallas suburbs there's many wealthy communities in the dallas area going back to the
70s and 80s we had hit tv shows which reminded us how wealthy dallas families were then too
but today oil isn't the main source of wealth here now they're all bankers and insurance brokers and
real estate legends doctors and lawyers who all work in downtown dallas the people in places like
highland park university park melissa trophy club south lake and koppel are re itch these are all
the very exclusive dallas suburbs with communities that range from 6 000 people to 30 000 people
the average household income for these communities varies but on average they hover near the 250 000
mark annually let's use highland park as an example of this exuberant exurb
if you look at the wealthiest communities in the nation highland park ranks seventh in the
country where households bring in a not so stingy three hundred and sixty five thousand and twenty
five dollars a year and don't forget about that last 25 bucks i'm sure it's important to them
it's the smallest place of 8 500 people where everything looks like a million dollar mansion
that's because they are million dollar mansions they sell ferraris and strip malls here
and gun stores sell weapons that cost more than a lot of people's homes
this is where the former governor of texas lives and where professional athletes have homes
it's very republican and very elite the north dallas suburbs are the kind of place that you
might get profiled if you're driving through in a toyota corolla okay you will get profiled
here if you're in a corolla you certainly will not find any used car dealerships like this in these
posh burbs free rose bush but hurry quantities limited 9.9 apr on a car 10 interest for that
by the way look at the difference in loan rates from the 80s versus now it's crazy
coming up next are chicago suburbs there's a lot of money in chicago no surprises there i
mean it is the third most populated city in the country after all one particular part of chicago
is the richest of the rich the communities of glencoe and winnetka are the eighth and ninth
wealthiest cities in the country respectively households in glencoe make 358 000 annually
and those in waneka make three hundred and fifty three thousand dollars a year that's mommy and
daddy combined both are on the banks of lake michigan and both their villages glencoe has 8
700 people there's private golf courses all over this is where many chicago bears players live and
many notable celebrities have homes here too some homes here aren't overly impressive but very fancy
but then there's these monsters something like this would set you back 6 million smackers you
can't afford it just south of glencoe's winnetka which is equally great wealthwise this is where
ferris bueller's family lived remember that great movie there's 12 000 people here homes like this
on average sell for 1.2 million bucks this is what the high school looks like in moneta a lot
of famous people and dignitaries attended this fine institution you can bet there aren't many
fist fights here it's a lot of lawyers and hedge fund managers up here in these north chicago burbs
this is the kind of place i could make some real money in karen mappy you get down off of there
this is a family show i'm just trying to make some extra money the men here are really friendly
okay that was weird sorry everyone but it does bring up a good point though there are 11 million
millionaire households in america and surprisingly to me it's just about split between men and women
about half of our nation's millionaires are women and half are men and it used to be that
women got their millions from an inheritance or in divorce settlements but that's changing
too women millionaires are becoming more self-made these days good for you ladies
but not like this or maybe there's a region in south east ish denver that's super loaded making
it the seventh most wealthy area in the country that would include douglas and arapahoe counties
here let's use cherry hills village as an example this region households here in cherry
hills village earn about four hundred and six thousand dollars a year which is just crazy is
everybody in cherry hills village a damn dentist or something there's six thousand people here it's
kind of place where there's golf courses that host pga events and it's filled with people who likely
have second homes in aspen john elway and peyton manning have homes here in case you care homes
here average about 2.5 million each but this one is nearly 20 million fancy fancy super nice wow
outrageous can't believe it who needs that who cleans this why is this necessary
now the rest of the people in these denver burbs aren't as rich as the people in cherry hills
village are but just about everybody here makes more than 100k that's mom and dad both making that
kind of dough that's every home in both counties people lee press on nails in fashion colors
press on color no messy polish press on color no drying time press on color no chipping ever i'd be
willing to bet that most women in this part of the denver metro area don't have lee press on hills
they probably have a damn nail lady that comes to the house but as we'll see these two regions we
talked about are still nothing compared to what we're gonna see in a little bit there's a big
region in central maryland where people are loaded way more than you will ever be howard county
montgomery county and calvert county here all kind of in the middle of the state all have household
incomes well above 100 000 annually but there's some super rich people that make way more than
that there's a community here called traveler where households bring in 300 000 each there's
about 12 000 people here this is what it looks like there the average home is 1.3 million dollars
which at this point isn't really sticker shock anymore is it chevy chase potomac and bethesda are
all in nearby montgomery county in all of them the average households bring in a quarter mill each
annually but many make much much more than that a lot of the people who live in these communities
are high paid government workers and consultants and contractors most of them are involved in
washington dc in some way or another working for the government pays people apparently now let's
put this into perspective so if you make 250 grand a year which everybody here in central maryland
pretty much does and you work a standard 40 hour week which people here probably don't that means
you make 120 an hour now the average minimum wage in maryland is 10 and 10 cents an hour so somebody
working at mcdonald's would have to work 100 hours a day to make what somebody in places like chevy
chase does and of course you can't work 100 hours a day because there's only 24. even if somebody at
mcdonald's worked every hour of their lives they would only earn about eighty thousand six hundred
and forty dollars a year that's probably what a central maryland family pays for their mortgage
but don't be jealous of how much money they're making up there comparison is the thief of joy
of course everybody knows southern connecticut's loaded this is home to fairfield county
home to old money and rich new york city banker types in darien connecticut households bring in
three hundred and forty one thousand and ninety bucks a year don't forget that ninety dollars they
don't in old greenwich they make three hundred and thirty six thousand a year in westport it's three
hundred and five thousand and in riverside connecticut the average family earns a mere
290 000 stamford torrington new canaan westin westport wilton they're all rich here in south
and west connecticut and fairfield and litchfield counties many have yachts and private planes and
they golf a lot did you know these counties are 85 white okay that's kind of awkward mappy i mean
that's like saying white folks are richer than black or hispanic folks is that true according
to my data 76 of millionaires are white huh i see that mappy and look at that the other three major
races are all close to eight percent why is that actually don't answer that i'll just google it
this article in the washington post says white households are more likely to
inherit money and own stocks and have pensions and own their own homes the reason for that is
something that would take a whole nother video to explain number 10 what's your reason for breaking
the hamburger habit at arby's you're looking at it a big roast beef platter with potatoes
and coleslaw arby's is a big change of taste you know which part of the country probably doesn't
eat at arby's very often north central new jersey doesn't probably and i don't blame them because
arby's is absolutely nasty nor would you likely find a north central new jersey family eating
ravioli oh my god that stuff was so damn good i would eat that stuff all the time
i don't care how loaded i was so there's a whole area here in north central new jersey
in hunterdon morris and somerset counties which are all in the top 12 for wealthiest counties in
the country which is a huge testament to the hard work that comes out of north central new jersey
and by wealthy i mean every single household in each county makes about a hundred thousand
dollars everyone here's an example of a home for sale in hunterdon county the richest of all jersey
counties this holland township home is worth 5.9 million clams and apparently the people are so
loaded that they have a fancy car in many colors okay so they have many more cars and just hat
there's a fireplace for their car garage how do you decide which one to drive i don't get it
and then there's short hills new jersey where a lot of households bring in about
350 000 every single year and that pokes would be enough to buy 397
727 cans of chef boyardee ravioli yum or 70 000 corned beef rubens which is absolutely disgusting
to think about how rich can you get you're never gonna know you've met this young boy
richie rich would certainly fit right in in the new york city suburbs westchester county is the
richest of all new york city suburbs but there's a lot of other wealthy pockets here as well
scarsdale which is about 25 miles outside of new york city sees average households bringing in 452
000 and that's the average every year that's the second highest average salary in the nation
according to bloomberg the average home here goes for about 1.2 million here's one for 8.7
million in scarsdale look at all the fancy homes in scarsdale man hey this one's not that cool 2.1
million for that what the what the it's not even that cool the list of famous people from scarsdale
is long and impressive here and in the surrounding communities 77 percent of people own a second home
73 percent of households belong to a country club 69 fly first class more than half have a
boat nearly half have a nanny 45 percent have a fancy car and 41 percent have a wine cellar and
i'd be willing to bet all have maids now in nearby bronxville families bring in about 330k a year and
in larchmont it's a paltry 324k a year greenville and rye also in westchester county tap in at just
under 300k a year each nearby nassau county is no slouch either what exactly do these people do to
afford such luxuries a lot of them are hedge fund managers doctors lawyers and real estate agents
kids pay attention judge judy's from this region did you know she made 147 million dollars last
year 147 million dollars people just to tell former couples who gets custody of the cats
okay so here we are in our second wealthiest region of the country
the washington dc metro area and specifically the virginia suburbs of d.c it's louden county fairfax
county arlington county prince william county stafford county falls church great falls mclean
they're all at the top when it comes to average incomes across the board but virginia's kind
of different while some of the communities like mclean and great falls have households in the 300
000 annual income range there aren't huge pockets of extreme wealth like we saw in new york
or in our next wealthiest region which we're going to get to in a minute in northern virginia
it's the sheer number of fairly wealthy over a large area a lot of the people up here work for
the government or have government contracts just like the wealthy folks up in central maryland do
and a lot of people hear political elites like former vice presidents and secretaries of state
but virginia is definitely the haves and have-nots while there's a ton of wealth up here
most of the communities over here in appalachia land are struggling to get by and it's only a four
hour drive away too where's the wealthiest region in the country the bay area is if you look at the
household income levels and the cost of homes it's here where the richest people in our country live
now home of the tech billionaires the technology executives famous actors and athletes this is
where people with the real money live this is where the tech startups sell for a billion bucks
it's here where google lawyers and facebook ad executives and user experience lead engineers live
people that run all the social media companies and all the search engines and all the hardware
you spend all day on live here and a lot of the people that live here not only have a lot of money
they have a lot of power too now keep in mind that this is the most expensive place to live
in the nation too so of course income levels are going to keep up with the cost of living
but it's not uncommon for a married couple here to bring in a half million bucks in combined income
just working from home the richest parts of the bay area are places like santa clara san mateo
and marin counties atherton ranks as the richest city in the country where the average income is
525 000 per household the average value of an atherton home costs a staggering 6.4 million
dollars look at this three of the top five richest cities or towns in america are all right
here in the bay area so if you truly want to know where the rich and powerful live in this country
it isn't new york or washington dc anymore it's san francisco so that's it we're the most wealthy
well-heeled prosperous successful and financially elite live in america they're rich many have some
power i'm sure they have a lot of fun spending all their money but you know what they all loved
chef boyardee out of the can growing up no one is too good for that i don't care what they say
hey guys if you learned something new about america or what it's like to live in america
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in a positive way this is sage nyx manager this has been a corner house entertainment production