04 JAN 2012 by ideonexus

 Increases in Wealth in the Last 30 Years have been in the...

There have been trillions of dollars of wealth created in recent decades, but most of it went to a relatively small share of the population. In fact, economist Ed Wolff found that over 100% of all the wealth increase in America between 1983 and 2009 accrued to the top 20% of households. The other four-fifths of the population saw a net decrease in wealth over nearly 30 years. In turn, the top 5% accounted for over 80% of the net increase in wealth and the top 1% for over 40%. With almost a fr...
Folksonomies: economics wealth 99 percent
Folksonomies: economics wealth 99 percent
  1  notes

The wealthier you are, the more wealthy you got.