15 Mind-Blowing Facts About Wealth And Inequality In America
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.
The gap between the top 1% and everyone else hasn't been this bad since the Roaring Twenties
Half of America has 2.5% of the wealth
Half of America has only 0.5% of America's stocks and bonds
Look at the wealth gap grow!
The last two decades were great...if you were a CEO or owner. Not if you were anyone else.
Real average earnings have not increased in 50 years
And savings rates are sinking
Despite the myth of social mobility, poor Americans have a SLIM CHANCE of rising to the upper middle class
Republican tax cuts have significantly increased the wealth gap
Meanwhile, income tax is getting lower and lower for the rich
America spreads its wealth FAR LESS than other developed countries
America's income spread is nearly twice the OECD average
The income gap is NOT growing in other countries, like France
Inequality is worst around Wall Street and Oil Land
If you aren't in the top 1%, then you're getting a bum deal
Source: Afferent Input