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Richest 1 Percent Account For Nearly All Of U.S. Recovery's Gains

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Headlined to H2 3/7/12

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At www.huffingtonpost.com

Technically, the economy has been in recovery for two years. But it turns out the rich have been doing most of the recovering. In 2010 -- the first full year since the end of the Great Recession -- virtually all of the income growth in America took place among the country's very wealthiest people, says an economist at the University of California, Berkeley. The top 1 percent of earners took in a full 93 percent of all the income gains that year, leaving the other 7 percent of gains to be sprinkled among the vast majority of society.

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At www.huffingtonpost.com


 

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It really doesn't matter when you look at the real... by Skeptic1 on Wednesday, Mar 7, 2012 at 10:44:09 PM
Apple, the darling of Wall Street is so profitab... by Skeptic1 on Thursday, Mar 8, 2012 at 4:16:33 AM
If the 1% benefited the most from from all the smo... by Tom Durham on Thursday, Mar 8, 2012 at 8:23:09 AM
The title says it all.  The government and me... by Philip Pease on Thursday, Mar 8, 2012 at 9:04:12 AM
Well I agree with Arlo Guthrie when he says that. ... by Michael Dewey on Thursday, Mar 8, 2012 at 10:10:38 AM