Top 1% Vs The Bottom 99%: Study
September 15, 2013
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4:10Now PlayingTop 1% Vs The Bottom 99%: Study
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as posted by the channel"...The richest 1% of Americans collected a greater share of household income last year than at any time in the last century, according to a new analysis of IRS data going back to 1913. The wealthiest Americans took a hit during the recent financial crisis, with their wealth plummeting 36% between 2007 and 2009. But since then, the net worth of the flushest among us has rebounded sharply, buoyed by rising corporate profits and stock prices. In 2012, 19.3% of all household income in the U.S. went to the top 1% of earners, their greatest share since 1928. Incomes for the top 1% rose nearly 20% last year, while incomes for the remaining 99% increased by just 1%...".* The Young Turks host Cenk Uygur breaks it down.
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