Tuesday, September 10, 2013

Top 1% take biggest income slice on record

Top 1% take biggest income slice on record 
"The top 1% of earners in the U.S. pulled in 19.3% of total household income in 2012, which is their biggest slice of total income in more than 100 years, according to a an analysis by economists at the University of California, Berkeley and the Paris School of Economics at Oxford University.
The richest Americans haven't claimed this large of a slice of total wealth since 1927, when the group claimed 18.7%."
"..the top 1% of earnings posted 86% real income growth between 1993 and 2000. Meanwhile, the real income growth of the bottom 99% of earnings rose 6.6%."

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