"Great Recession" Pushes Gap Between Rich and Poor to Record Levels

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    "Great Recession" Pushes Gap Between Rich and Poor to Record Levels

    http://finance.yahoo.com/tech-ticker/%22great-recession%22-pushes-gap-between-rich-and-poor-to-record-levels-535469.html?tickers=^DJI,^GSPC,SPY,UUP,UDN,TBT,TLT&sec=topStories&pos=9&asset=&ccode=

    In 2009, the top 20% of American earners -- those making more than $100,000 annually - received 50.3% of all income generated in the country, compared with 12% for the bottom 40% and 3.4% for those below the poverty line, according to the Census Bureau. In 1999, the top 20% claimed 49.4% of the income and the bottom 40% got 12.5% of the income.

    Last year 43.6 million Americans, or 14.3% of the population, were living below the poverty rate, the highest level since 1994. A record 6.3% of Americans were making less than 50% of poverty-level income, defined as income of $21,954 for a family of four. (Those poverty figures exclude government programs such as Food Stamps.)
     

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