Consilience Productions

« An old, irascible voice still chastising Wall Street. | Main | Health Care Reform: The Next Chapter. »

Top 1% Got 93% of Income Growth as Rich-Poor Gap Widened last year.
October 2, 2012 8:18 AM

This speaks volumes:

"The divergent fortunes of Reyes and Hemsley show that the U.S. has gone through two recoveries. The 1.2 million households whose incomes put them in the top 1 percent of the U.S. saw their earnings increase 5.5 percent last year, according to estimates released last month by the U.S. Census Bureau. Earnings fell 1.7 percent for the 96 million households in the bottom 80 percent -- those that made less than $101,583."

No wonder Romney's 47% comment has stuck around and rings so loudly in the ears of most Americans.

Join the discussion: Comments (0) | TrackBack (0) | Email Link to a Friend
Permalink to post: http://www.cslproductions.org/money/talk/archives/001355.shtml
Receive an email whenever this MONEY blog is updated:   Subscribe Here!
Tags: , ,

Share | | Subscribe




Add your comment

Name (required)
Email
Website
Remember personal info? Yes   No
Comments

home | music | democracy | earth | money | projects | about | contact

Site design by Matthew Fries | © 2003-23 Consilience Productions. All Rights Reserved.
Consilience Productions, Inc. is a 501(c)(3) non-profit organization.
All contributions are fully tax deductible.

Support the "dialogue BEYOND music!"

Because broad and informed public participation is the bedrock of a free, democratic, and civil society, your generous donation will help increase participation in the process of social change. 100% tax deductible.
Thank you!


SEARCH OUR SITE:

Co-op America Seal of Approval  Global Voices - The world is talking, are you listening?