Income Stats: The Top 1 Percent's Income Goes Up, Others' Goes Down
The recovery is on - we had written about the housing recovery some time back - while the numbers look neat, the details don't. Here is what we spotted today: that in the recovery, the income for the people who are in the 'top one percent' category rose by 11.2 percent. But for everyone else - basically the other 99 percent, earnings declined by 0.4 percent. (Source)
We had spotted quite a few income disparity stats in the past - including how much taxes the rich pay. This recovery does not seem to be for everyone, clearly.