"I want my fair share -- and that's all of it." - Charles Koch
The richest 1% captured 121% of the income gains, while incomes for 99% of Americans declined, with the median household income dropping by 7.3 percent.
Low-income jobs ($7.69 to $13.83 per hour) made up one-fifth of the jobs lost to the recession, but accounted for three-fifths of the jobs regained during the recovery.
According to an AP report, the stock market has regained all its losses since March 2009 while adding an extra 18 percent. That's $11 trillion restored, plus almost $2 trillion gained. Using Economic Policy Institute figures (Tables 6 and 7), the beneficiaries of the new wealth are:
The richest 1%, .15 million families with 38.3% of the stocks, each regained their losses and added an additional $666,000.
The next 2-5%, 4.6 million families with 30.9% of the stocks, each regained their losses and added an additional $134,000.
The rest of the top 20%, 17.25 million families with 22% of the stocks, each regained their losses and added an additional $25,500.
The 30% just above the middle, 34.5 million families with 8.9% of the stocks, each regained their losses and added an additional $5,160.
The bottom 50%, 57.5 million families with 0% of the stocks, gained nothing.
Nearly 47 million people get an average of less than $5 a day to eat, at a total 2012 cost of about $80 billion, which is about the same amount 20 super-rich Americans make from just one year of investment income.
from here
The richest 1% captured 121% of the income gains, while incomes for 99% of Americans declined, with the median household income dropping by 7.3 percent.
Low-income jobs ($7.69 to $13.83 per hour) made up one-fifth of the jobs lost to the recession, but accounted for three-fifths of the jobs regained during the recovery.
According to an AP report, the stock market has regained all its losses since March 2009 while adding an extra 18 percent. That's $11 trillion restored, plus almost $2 trillion gained. Using Economic Policy Institute figures (Tables 6 and 7), the beneficiaries of the new wealth are:
The richest 1%, .15 million families with 38.3% of the stocks, each regained their losses and added an additional $666,000.
The next 2-5%, 4.6 million families with 30.9% of the stocks, each regained their losses and added an additional $134,000.
The rest of the top 20%, 17.25 million families with 22% of the stocks, each regained their losses and added an additional $25,500.
The 30% just above the middle, 34.5 million families with 8.9% of the stocks, each regained their losses and added an additional $5,160.
The bottom 50%, 57.5 million families with 0% of the stocks, gained nothing.
Nearly 47 million people get an average of less than $5 a day to eat, at a total 2012 cost of about $80 billion, which is about the same amount 20 super-rich Americans make from just one year of investment income.
from here
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