Study Says America's Income Gap Widest Since Great Depression

[ScienceRocks]

Study Says America's Income Gap Widest Since Great Depression


by Scott Neuman

September 10, 2013 5:39 PM

The gap between the 1 percent and the 99 percent is growing, according to an analysis of IRS figures by an international group of university economists, and it hasn't been so wide since 1928.

The incomes of the very wealthiest 1 percent of Americans increased by 31.4 percent from 2009 to 2012. By contrast, the bottom 99 percent saw their earnings in the same period go up by just 0.4 percent. In 2012, the top 1 percent collected 19.3 percent of all household income and the top 10 percent took home a record 48.2 percent of total earnings, The Associated Press reports.

Study Says America's Income Gap Widest Since Great Depression : The Two-Way : NPR

I'll agree that this country needs to build its middle class.

 

[Moonglow]

Corporations are hiring, in China.

 

[ScienceRocks]

My plan
Education
Infastructure
tech
and science



High paid jobs for the people.

 

[francoHFW]

then you better vote Dem lol. wish you luck- Pubs give us the Gilded Age, the Roaring Tweties, and the Nutjob Bush years, disasters for the non rich followed by a depression, but they've never been as bad as now...

 

[hortysir]

Trajan answered this best in one of the many other "wealth inequality/envy" threads

agreed...and we have had this out before.....Wealth, Income, and Power- G. William Domhoff, University of California

pretty constant despite all of the recessions a depression etc.....

bottom 99 top 1
1922 63.30% 36.70%
1929 55.80% 44.20%
1933 66.70% 33.30%
1939 63.60% 36.40%
1945 70.20% 29.80%
1949 72.90% 27.10%
1953 68.80% 31.20%
1962 68.20% 31.80%
1965 65.60% 34.40%
1969 68.90% 31.10%
1972 70.90% 29.10%
1976 80.10% 19.90%
1979 79.50% 20.50%
1981 75.20% 24.80%
1983 69.10% 30.90%
1986 68.10% 31.90%
1989 64.30% 35.70%
1992 62.80% 37.20%
1995 61.50% 38.50%
1998 61.90% 38.10%
2001 66.60% 33.40%
2004 65.70% 34.30%
2007 65.40% 34.60%
2012 64.60% 35.40%

average 67.49% 32.51%


Distribution of wealth - Wikipedia, the free encyclopedia



I averaged it for us....note the 2007 and 2012 differential....