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Incomes of Bottom 90 Percent Grew $59 in 40 Years

Business  (tags: Poverty, Income inequality, Wealth, Money, income, 1 percent, Business News )

- 1852 days ago -
During the same period, average income for the top 10 percent of Americans rose by $116,071

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Vicky P (476)
Monday March 25, 2013, 7:14 pm
that's horribly low

Sue H (7)
Monday March 25, 2013, 8:07 pm

Fiona O (565)
Monday March 25, 2013, 8:36 pm
Sue is right. "Shameful".

paul m (93)
Tuesday March 26, 2013, 6:19 am
Same in Ireland ,,,Wages are cut ,,,Prices go up ..but why would any Government care how much a worker gets in their paypacket, they would just say "they have a job and should count themselves lucky."

Robert Scott (186)
Tuesday March 26, 2013, 7:06 am
Pathetic. Sigh!

. (0)
Tuesday March 26, 2013, 7:09 am
That's really low.

Robert Scott (186)
Tuesday March 26, 2013, 7:11 am
Hi time for a new income redistribution.

Birgit W (160)
Tuesday March 26, 2013, 12:37 pm
- and people wonder why they cannot pay their bills any more!

Past Member (0)
Tuesday March 26, 2013, 12:52 pm
Let's reverse this, please sign,

Judith H (55)
Tuesday March 26, 2013, 2:05 pm
Noted. First time I've enjoyed math so much. Tx.

mag.w.d. Aichberger (34)
Tuesday March 26, 2013, 2:18 pm
my system, for one, got the rest of the page only on the 5th try:

Johnston offered a visual analogy for the disparity in a column for Tax Analysts last month:

The vast majority averaged a mere $59 more in 2011 than in 1966. For the top 10 percent, by the same measures, average income rose by $116,071 to $254,864, an increase of 84 percent over 1966.

Plot those numbers on a chart, with one inch for $59, and the top 10 percentís line would extend more than 163 feet.

Now compare the vast majorityís $59 with the top 1 percent, and that line extends for 884 feet. The top 1 percent of the top 1 percent, whose 2011 average income of $23.7 million was $18.4 million more per taxpayer than in 1966, would require a line nearly five miles long.

Bryna Pizzo (139)
Tuesday March 26, 2013, 2:57 pm
Thank you, Judy. I have seen several graphs that support the same thing, but they didn't go as far back. The facts are sickening! Those at the top disgust me. I can't comprehend how they sleep at night because no one can amass that much wealth without exploiting the labor of others. Those people are monsters, and the portion of our government that supports the monsters must be outed and fired.

Lois Jordan (63)
Tuesday March 26, 2013, 3:05 pm
Thanks, Judy.
Great info from w.d.(above). And, I have some more. Back in 1985, Forbes magazine stated the 10 highest paid CEO's together pocketed $57.88 Million in compensation. In 2012, the Top Ten got $616.4 Million. That's about 5 TIMES as much as the 1986 total after taking inflation into account. Over the same 26 yr. span, average weekly wages for workers barely increased at all. Shameful, disgusting, maddening!

Elvira S (82)
Tuesday March 26, 2013, 4:34 pm
When will people get angry enough to make a stand and demand changes? People turn the tv off and WAKE UP!!!

Janet R (38)
Tuesday March 26, 2013, 5:02 pm
Unbelievable, and how much did the income of the rich increase? It would probably make us vomit to find out.

Jeremy S (3)
Tuesday March 26, 2013, 6:08 pm
That's horrible! Far too believable, but horrible all the same. The greed and avarice of the many of the richest people is unparalleled.

Stuart Thomas (497)
Tuesday March 26, 2013, 8:57 pm
And of course, there is inflation to deal with during those 40 years too. There was a song with the lyrics: "And the rich get rich and the poor get poorer".

Thank you, Judy.

Kathryn Niell (112)
Wednesday March 27, 2013, 1:49 pm
This is terribly distressing and fuels a feeling of despair about the state of conditions in the country.
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