{"id":521797,"date":"2010-04-09T10:33:00","date_gmt":"2010-04-09T14:33:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/15-charts-about-wealth-and-inequality-in-america-2010-4"},"modified":"2010-04-09T10:33:00","modified_gmt":"2010-04-09T14:33:00","slug":"15-mind-blowing-facts-about-wealth-and-inequality-in-america","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/521797","title":{"rendered":"15 Mind-Blowing Facts About Wealth And Inequality In America"},"content":{"rendered":"

\"homeless<\/a>The rich are getting richer and the poor are getting poorer. Cliché, sure, but it’s also more true than at any time since the Gilded Age.<\/p>\n

The poor are getting poorer, wages are falling behind inflation, and social mobility is at an all-time low. <\/p>\n

If you’re in that top 1%, life is grand.<\/p>\n

Here’s 15 Mind-Blowing Charts About Wealth And Inequality In America ><\/a><\/strong><\/h2>\n

The gap between the top 1% and everyone else hasn’t been this bad since the Roaring Twenties*<\/h2>\n

\"The<\/div>\n

*This chart shows average income of the top 1% as a multiple of average income of the bottom 90%.<\/p>\n

Bigger chart @ The Nation<\/a><\/p>\n

<\/p>\n

Half of America has 2.5% of the wealth<\/h2>\n

\"Half<\/div>\n

Source: Institute for Policy Studies<\/a><\/p>\n

<\/p>\n

Half of America has 0.5% of the stocks and bonds<\/h2>\n

\"Half<\/div>\n

Source: Institute for Policy Studies<\/a><\/p>\n

<\/p>\n

Look at the gap grow!<\/h2>\n

\"Look<\/div>\n

Source: Professor G. William Domhoff<\/a><\/p>\n

<\/p>\n

The last two decades were great… except for American workers<\/h2>\n

\"The<\/div>\n

<\/p>\n

Real average earnings have not increased in 50 years<\/h2>\n

\"Real<\/div>\n

<\/p>\n

But savings rates are sinking<\/h2>\n

\"But<\/div>\n

<\/p>\n

Poor Americans have a SLIM CHANCE of rising to the upper middle class<\/h2>\n

\"Poor<\/div>\n

Source: NBER<\/a><\/p>\n

<\/p>\n

Republican tax cuts have significantly increased the gap<\/h2>\n

\"Republican<\/div>\n

Source:<\/p>\n

<\/p>\n

Income tax is getting lower and lower for the rich<\/h2>\n

\"Income<\/div>\n

<\/p>\n

America spreads the wealth FAR LESS than other developed countries<\/h2>\n

\"America<\/div>\n

<\/p>\n

America’s income spread is nearly twice the OECD average<\/h2>\n

\"America's<\/div>\n

Source: Economist<\/p>\n

<\/p>\n

The gap is NOT growing in other countries, like France<\/h2>\n

\"The<\/div>\n

<\/p>\n

Inequality is worst around Wall Street and Oil Land<\/h2>\n

\"Inequality<\/div>\n

<\/p>\n

If you aren’t in the top 1%, then you’re getting a bum deal<\/h2>\n

\"If<\/div>\n

Normalized to 1979, the top 1% have seen their share of America’s income more than double. The bottom 90% have seen their portion shrink.<\/p>\n

Source: Afferent Input<\/a><\/p>\n

<\/p>\n

Now read…<\/h2>\n

\"Now<\/div>\n

20 Cities That Have Completely Missed The Recovery<\/a><\/h2>\n

Join the conversation about this story »<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The rich are getting richer and the poor are getting poorer. Cliché, sure, but it’s also more true than at any time since the Gilded Age. The poor are getting poorer, wages are falling behind inflation, and social mobility is at an all-time low.  If you’re in that top 1%, life is grand. Here’s 15 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-521797","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/521797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=521797"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/521797\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=521797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=521797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=521797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}