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Houston Matters

The Number of Millionaires in Houston is Growing — Is that Good or Bad?

A study from New World Wealth reported Houston has the fastest growing community of multi-millionaires in the country. While that might sound good, does this mean our income divide is growing wider — or does a rising tide really raise all boats? And how did CEO compensation packages actually grow to this level, not to […]

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A study from New World Wealth reported Houston has the fastest growing community of multi-millionaires in the country.

While that might sound good, does this mean our income divide is growing wider — or does a rising tide really raise all boats? And how did CEO compensation packages actually grow to this level, not to mention the golden parachutes that are attached.

We discuss millionaires in Houston: are they a symptom of a growing problem or the sign our economic woes are cured? Our guests are Mark W. Frank, professor of economics and international business at Sam Houston State University and David De Angelis, assistant professor of finance at Rice University.

Michael Hagerty

Michael Hagerty

Senior Producer, Houston Matters

Michael Hagerty is the senior producer for Houston Matters. He's spent more than 20 years in public radio and television and dabbled in minor league baseball, spending four seasons as the public address announcer for the Reno Aces, the Triple-A affiliate of the Arizona Diamondbacks.

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