Daily Archives: October 25, 2011

It’s an unequal world, alright!

There was not one single year between 1952 and 1986 in which the richest 1 per cent American families earned more than one-tenth the national income.

Yet after rising steadily since the mid-1980s, in 2007 the income share of the richest one per cent reached a staggering 18.3 per cent of the total American wealth. The last time America was such an unequal place was in 1929 when the equivalent figure of the richest percentile was 18.4 per cent.

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