The longest U.S. economic expansion in history has brought news of big spending. It also has raised concerns about the distance between the rich and everyone else. For some people, the high price of some goods is a sign of too much wealth. The bank UBS says the number of billionaires in the United States has increased from 267 in 2008 to 607 in 2018. “The rich have gotten richer and they’ve gotten richer faster,” said John Mathews. He is the head of Private Wealth Management and Ultra High Net Worth at UBS Global Wealth Management. But there are signs of problems at lower-income levels. Information from the U.S. central bank suggests that, by 2016, the richest 20 percent of Americans held 88 percent of the country’s wealth.
Title: The Wealth Effect: Big Spending Draws Attention as Poor Struggle
Content: <div id='article-page'><div id='article-content' data-media-url='//news-app-staging.s3.amazonaws.com' data-base-url='//news-app-staging.herokuapp.com' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3468/ddaa5da4-6986-4073-b372-5e3a89c48d58_hq.wav' data-capture-url='//staging.analytics.lingraphica.com/events/capture_news' data-article-title='The Wealth Effect: Big Spending Draws Attention as Poor Struggle' data-article-id='3948'><script src='//news-app-staging.herokuapp.com/javascripts/getscripts.js'></script><link rel='stylesheet' href='//news-app-staging.herokuapp.com/stylesheets/article.css' type='text/css' /><div class='article'><p><span data-start-time='0' data-end-time='9271'>The longest U.S. economic expansion in history has brought news of big spending.</span> <span data-start-time='9271' data-end-time='17000'>It also has raised concerns about the distance between the rich and everyone else.</span> <span data-start-time='17000' data-end-time='24667'>For some people, the high price of some goods is a sign of too much wealth.</span> <span data-start-time='24667' data-end-time='42896'>The bank UBS says the number of billionaires in the United States has increased from 267 in 2008 to 607 in 2018.</span> <span data-start-time='42896' data-end-time='50813'>“The rich have gotten richer and they’ve gotten richer faster,” said John Mathews.</span> <span data-start-time='50813' data-end-time='61313'>He is the head of Private Wealth Management and Ultra High Net Worth at UBS Global Wealth Management.</span> <span data-start-time='61313' data-end-time='67000'>But there are signs of problems at lower-income levels.</span> <span data-start-time='67000' data-end-time='82375'>Information from the U.S. central bank suggests that, by 2016, the richest 20 percent of Americans held 88 percent of the country’s wealth.</span> </p></div><div class='control-buttons-sticky' style='display:none;'><div class='control-buttons'><button title='Back' class='back' disabled='disabled'></button><button title='Play' class='play' disabled='disabled'></button><button title='Pause' class='pause' style='display:none;'></button><button title='Forward' class='forward' disabled='disabled'></button><button class='finished-reading' style='display:none;'>Done</button></div></div></div><div id='article-media'><div id='media-image'><img src='https://news-app-production.s3.amazonaws.com/articles/3468/4F9BE7EC-2413-42B3-AD91-FB1DC1732FF2_w1023_r1_s.jpg'/></div></div><div id='question-content' style='display:none;'><div class='vocabulary_question question-container' data-question-id=13186 data-hint-location='61313' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3468/what_is_income.wav'>What is income?</div><div class='choices' data-correct-choice='money that is earned from work, investments, business,'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3468/a_heavy_and_intense_snowstorm.wav'><span>a heavy and intense snowstorm</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3468/money_that_is_earned_from_work_investments_business.wav'><span>money that is earned from work, investments, business,</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3468/the_ability_to_solve_complex_equations.wav'><span>the ability to solve complex equations</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3468/a_piece_of_equipment_designed_to_carry_things_on_ones_back.wav'><span>a piece of equipment designed to carry things on ones back</span></div></div></div><div class='multiple_choice_question question-container' data-question-id=13187 data-hint-location='17000' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3468/for_some_people_the_high_price_of_some_goods_is_a_sign_of_too_much_what.wav'>For some people, the high price of some goods is a sign of too much what?</div><div class='choices' data-correct-choice='wealth'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3468/paint.wav'><span>paint</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3468/food.wav'><span>food</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3468/wealth.wav'><span>wealth</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3468/sleep.wav'><span>sleep</span></div></div></div><div class='sentence_completion_question question-container' data-question-id=13188 data-hint-location='9271' style='display:none;'><div class='question' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3468/it_also_has_raised_concerns_about_the_distance_between_the__blank__and_everyone_else.wav'>It also has raised concerns about the distance between the <span class='blank'>rich</span> and everyone else.</div><div class='choices' data-correct-choice='rich'><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3468/accounts.wav'><span>accounts</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3468/police.wav'><span>police</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3468/llamas.wav'><span>llamas</span></div><div class='choice' data-sound-name='https://news-app-production.s3.amazonaws.com/articles/3468/rich.wav'><span>rich</span></div></div></div><div class='question-buttons'><button class='skip-button'></button><button class='hint-button'></button><button 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