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