November 29, 2012
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.