Top 1% Got 93% of Income Growth as Rich-Poor Gap Widened [View all]

[marmar]

(Bloomberg) Since 2009, Anita Reyes’ wages have been as frozen as Lake Minnetonka in January.

While the U.S. economy was recovering from the Great Recession, Reyes, 52, a casino dealer from Minneapolis, was dining on $1.67 cans of soup and searching for a way to keep her house, which was foreclosed on last October.

“I went backwards,” Reyes said. “Two years ago, three years ago, I didn’t know I’d be looking at being homeless.”

Stephen Hemsley’s salary has been frozen too. His income hasn’t. .................(more)

The complete piece is at: http://www.bloomberg.com/news/2012-10-02/top-1-got-93-of-income-growth-as-rich-poor-gap-widened.html