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15 Mind-Blowing Facts About Wealth And Inequality In America
#1
15 Mind-Blowing Facts About Wealth And Inequality In America

By Gus Lubin

May 07, 2010 "
SFGate" -- Real average earnings have not increased in 50 years
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

[Image: the-gap-between-1-and-everyone-else-hasn...enties.jpg]
Source: The Nation
Half of America has only 2.5% of the wealth


[Image: half-of-america-has-only-25-of-the-wealth.jpg]
Source: Institute for Policy Studies
Half of America has only 0.5% of the stocks and bonds


[Image: half-of-america-has-only-05-of-the-stocks-and-bonds.jpg]
Source: Institute for Policy Studies
Look at the gap grow!


[Image: look-at-the-gap-grow.jpg]
Source: Professor G. William Domhoff
The last two decades were great... except for American workers


[Image: the-last-two-decades-were-great-except-f...orkers.jpg]

Real average earnings have not increased in 50 years


[Image: real-average-earnings-have-not-increased...-years.jpg]

But savings rates are sinking


[Image: but-savings-rates-are-sinking.jpg]

Poor Americans have a SLIM CHANCE of rising to the upper middle class


[Image: poor-americans-have-a-slim-chance-of-ris...-class.jpg]
Source: NBER
Republican tax cuts have significantly increased the gap


[Image: republican-tax-cuts-have-significantly-i...he-gap.jpg]
Source:
Taxes get better and better for the rich


[Image: taxes-get-better-and-better-for-the-rich.jpg]

America spreads the wealth FAR LESS than other developed countries


[Image: america-spreads-the-wealth-far-less-than...ntries.jpg]

America's income spread is nearly twice the OECD average


[Image: americas-income-spread-is-nearly-twice-t...verage.jpg]
Source: Economist
The gap is NOT growing in many countries, like France


[Image: the-gap-is-not-growing-in-many-countries...france.jpg]

Inequality is worst around Wall Street and Oil Land


[Image: inequality-is-worst-around-wall-street-and-oil-land.jpg]

If you aren't in the top 1%, then you're getting a bum deal


[Image: if-you-arent-in-the-top-1-then-youre-get...m-deal.jpg]

Now read...


[Image: now-read.jpg]
20 Cities That Have Completely Missed The Recovery
"The philosophers have only interpreted the world, in various ways. The point, however, is to change it." Karl Marx

"He would, wouldn't he?" Mandy Rice-Davies. When asked in court whether she knew that Lord Astor had denied having sex with her.

“I think it would be a good idea” Ghandi, when asked about Western Civilisation.
Reply
#2
Ah, but Magda... what we lack in wealth we more than make up for in love, in being grounded, in service, in our humanity. Let them eat gold and oil. We have soul cake. http://www.youtube.com/watch?v=oKNKJVqbim8
"Where is the intersection between the world's deep hunger and your deep gladness?"
Reply
#3
Magda:

Here is a link to a website which describes the effects of inequality on people. Richard Wilkinson is co-author with Kate Pickett of The Spirit Level
and was featured a few days ago on TVO's The Agenda with Steve Paikin. The show discussed the effects of economic inequality on the population. Here is a link below to the equality trust which has an interview with Wilkinson.

John

http://www.equalitytrust.org.uk/why/evidence
Reply
#4
Thanks for that John. A very interesting read. There sure are a million reasons why greater equality is a good thing for all of us.
"The philosophers have only interpreted the world, in various ways. The point, however, is to change it." Karl Marx

"He would, wouldn't he?" Mandy Rice-Davies. When asked in court whether she knew that Lord Astor had denied having sex with her.

“I think it would be a good idea” Ghandi, when asked about Western Civilisation.
Reply


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