September 25, 2014
How the Rich Conquered the Economy, in One Chart
By Jordan Weissmann
Slate, September 25, 2014
When you write about the economy every day for a living, you can start feeling numb toward charts about income inequality. After all, the story doesn’t change much week to week, and usually neither do the visualizations. But this one, from Bard College economist Pavlina Tcherneva, somehow still feels astonishing, and has stirred up a bunch of attention today. It shows how much of U.S. income growth has been claimed by the top 10 percent of households during economic expansions, and how much was claimed by the bottom 90 percent. Guess who’s gotten the lion’s share in recent years?
Read more:
http://www.slate.com/blogs/moneybox/2014/09/25/how_the_rich_conquered_the_economy_in_one_chart.html