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xchrom

(108,903 posts)
Sun Jan 1, 2012, 09:09 AM Jan 2012

It's the Inequality, Stupid - Eleven charts that explain what's wrong with America. [View all]

http://motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph

HOW RICH ARE THE SUPERRICH?

A huge share of the nation's economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. The average income for the bottom 90 percent of us? $31,244.


Note: The 2007 data (the most current) doesn't reflect the impact of the housing market crash. In 2007, the bottom 60% of Americans had 65% of their net worth tied up in their homes. The top 1%, in contrast, had just 10%. The housing crisis has no doubt further swelled the share of total net worth held by the superrich.

WINNERS TAKE ALL
The superrich have grabbed the bulk of the past three decades' gains.
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