New Home Owners And Snagging Forum

Investments => Financial Markets and the economy => Topic started by: Denny Crane on March 21, 2012, 11:23:09 am

Title: US top 1% doing nicely out of the crisis
Post by: Denny Crane on March 21, 2012, 11:23:09 am

In the 2010 economic recovery, 93% of the gains were made by the top 1% of the US population.
The top incomes grew at 11.6% while those for the remaining 99% rose by just 0.2%.
This comes after an income drop of 11.6% for the 99%, the largest two-year fall since the Great Depression.
With growing income inequality in the Us and world wide, as the song says "there may be trouble ahead......"