Monday, July 04, 2016

Fact of the Day

Financial inequality became even wider in the United States last year, with average income for the top 1 percent of households surging 7.7 percent to US$1.36 million.

Income for the richest sliver rose twice as fast as it did for the remaining 99 percent of households.

 Income growth last year was greatest among the super-wealthy — the top 0.1 percent of households. Their incomes climbed nearly 9 percent to an average of US$6.75 million.

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