Tuesday, March 6, 2012

A very good year, for a few

The Rich Get Richer: 2010 Was a Very Good Year to Be in the 1%, Derek Thompson, senior editor at The Atlantic
"This recovery has been a luxury item. For the bottom 99%, real income growth over the first two years of the recovery was one-fifth of one percent. The richest percentile saw its income rebound by 11.6%. It is only slightly sensational to point out that the 1%'s income has outgained the rest of the economy by a factor of 58 in the recovery."

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