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.
The gap between 1% and everyone else hasn't been this bad since the roaring Twenties
Half of America has only 2.5% of the wealth
Half of America has only 0.5% of the stocks and bonds
Look at the gap grow!
The last two decades were great... except for American workers
Real average earnings have not increased in 50 years
But savings rates are sinking
Poor Americans have a SLIM CHANCE of rising to the upper middle class
Republican tax cuts have significantly increased the gap
Taxes get better and better for the rich
America spreads the wealth FAR LESS than other developed countries
America's income spread is nearly twice the OECD average
The gap is NOT growing in many 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