The gap between rich and poor in the United States is growing ever wider, according to a think-tank study released on Friday. The gap is at its largest since the survey began in 1962, the Economic Policy Institute (EPI) said in its report.The richest 1 per cent of American households have 225 times as much money as the average household, it said. The last survey, conducted in 2007, had revealed that the richest 1 per cent had 181 times as much money as the average household , whereas in the 1960s the figure was 125.
In 2009, the richest 1 per cent had an average of 14 million dollars - 27 per cent less than in 2007. But the average household was hit harder, with average assets of around 62,200 dollars - a decrease of 41 per cent. The average American has also suffered far more from the effects of falling property prices than the elite,