Monday, August 13, 2012

“The average income of the bottom 90 percent fell 13.5 percent.”

Click here to access source of brief article by David Ruccio from Real-World Economics Review.

The graph says it all. This is why pundits in mainstream media keep saying that we are in a slow recovery, but it is a recovery for those of the One Percent who are doing fine, although not as well as they would like.
...while “since 2000, no income group has done particularly well,” the average income of the top .01 percent did increase 6.5 percent while the average income of the bottom 90 percent fell 13.5 percent.