Fact of the Day: Wealth And Income Inequality By The Numbers – EPI

According to the Economic Policy Institute (EPI) website (“The State of Working America“), “inequality has risen sharply over the last several decades.” In fact, the EPI reports that 38.3% of all wealth growth from 1983 to 2010 went to the top 1%, and 74.2% went to the top 5%. What happened to the bottom 60%? They saw their wealth decline.

On income, the picture is no less bleak.

Between 1979 and 2007, more of the growth in average income accrued to the top 1 percent than to the entire bottom 90 percent. Incomes for the top 1 percent grew 241 percent, compared to 11 percent for the bottom fifth and 19 percent for the middle fifth.

Income Inequality, The State of Working America, Economic Policy Institute

Fact of the Day

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