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malaise

(268,980 posts)
Mon Nov 4, 2013, 03:32 PM Nov 2013

Income gap between rich and poor widest in a century

If you feel you're falling behind in the income race, it's not just your imagination. The wealth gap between the top 1% and the bottom 99% in the U.S. is as wide as it's been in nearly 100 years, a new study finds.

For starters, between 1993 and 2012, the real incomes of the 1% grew 86.1%, while those of the 99% grew 6.6%, according to the study, based on Internal Revenue Service statistics examined by economists at UC Berkeley, the Paris School of Economics and Oxford University.

http://articles.latimes.com/2013/sep/11/nation/la-na-nn-income-inequality-20130910

http://elsa.berkeley.edu/~saez/saez-UStopincomes-2012.pdf

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Income gap between rich and poor widest in a century (Original Post) malaise Nov 2013 OP
"between 1993 and 2012, the real incomes of the 1% grew 86.1%, while those of the 99% grew 6.6%" winter is coming Nov 2013 #1
Do a kick-starter 99th_Monkey Nov 2013 #2
Do the poor still have anything? liberal N proud Nov 2013 #3

winter is coming

(11,785 posts)
1. "between 1993 and 2012, the real incomes of the 1% grew 86.1%, while those of the 99% grew 6.6%"
Mon Nov 4, 2013, 03:35 PM
Nov 2013

That should be on billboards, followed by the question, "Who are the takers?"

liberal N proud

(60,334 posts)
3. Do the poor still have anything?
Mon Nov 4, 2013, 04:17 PM
Nov 2013

The gap will not stop growing until the rich have it all and everyone has nothing.

The term No pot to piss in will come back to fashion if it is not already.

The rich have a motto: "I want it all and I want it now"

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