Make more than $150,000 USD per year and want to send your brat to a expensive private grade school?  Just join the growing ranks of six figure earners who are actually applying for financial aid!

According to the National Association of Independent Schools, at least 20% of six figure earners apply for financial help to get their kids into a private grade school.

According to PrivateSchools.com, at least one fifth of private school students get “need based” financial aid.  Most of the schools provide the financial aid themselves, and there are also scholarships.

This is a pretty sad state of economic affairs when six figure earners can get private financial aid!

According to Chantal Stevens, national director of programs at A Better Chance, six figure earners are actually taking bigger hits to their incomes than lower income earners.  The non-profit group sees more and more minority upper middle class applicants every year: “Every year we see families with more means outpacing the families with less means. It’s not a pretty trend.”

What this means is that there is no economic recovery in the United States!