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15 Mind-Blowing Facts About Wealth And Inequality In America

From:
Business Insider

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.

Click on some of the images to enlarge them and see them in their original format...

1 - The gap between the top 1% and everyone else hasn't been this bad since the Roaring Twenties

This chart shows average income of the top 1% as a multiple of average income of the bottom 90% (via The Nation):

plutocracy

Via The Nation

2 - Half of America has 2.5% of the wealth 
3 - Half of America has only 0.5% of America's stocks and bonds 4 - Look at the wealth gap grow!

Look at the wealth gap grow!

Source: Professor G. William Domhoff

5 - The last two decades were great...if you were a CEO or owner. Not if you were anyone else

The last two decades were great...if you were a CEO or owner.  Not if you were anyone else.

6 - Real average earnings have not increased in 50 years

Real average earnings have not increased in 50 years
7 - And savings rates are sinking
And savings rates are sinking
8 -Despite the myth of social mobility, poor Americans have a SLIM CHANCE of rising to the upper middle class
Despite the myth of social mobility, poor Americans have a SLIM CHANCE of rising to the upper middle class

Source: NBER

9 - Republican tax cuts have significantly increased the wealth gap
Republican tax cuts have significantly increased the wealth gap

Source: NYT

10 - Meanwhile, income tax is getting lower and lower for the rich
Meanwhile, income tax is getting lower and lower for the rich
11 - America spreads its wealth FAR LESS than other developed countries
America spreads its wealth FAR LESS than other developed countries
12 - America's income spread is nearly twice the OECD average
America's income spread is nearly twice the OECD average

Source: Economist

13 - The income gap is NOT growing in other countries, like France
The income gap is NOT growing in other countries, like France
14 - Inequality is worst around Wall Street and Oil Land
Inequality is worst around Wall Street and Oil Land

Source: The Map Scroll

15 - If you aren't in the top 1%, then you're getting a bum deal
If you aren't in the top 1%, then you're getting a bum deal

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.

Source: Afferent Input

 


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