Showing posts with label Corporate Profit. Show all posts
Showing posts with label Corporate Profit. Show all posts

Sep 13, 2011

US Income Disparity Grows

We're losing our middle class.  And it's a serious problem.

"Amplifying that trend, the bottom 60% of households saw their income fall last year, while households making $100,000 or more enjoyed a rise in income."
http://money.cnn.com/2011/09/13/news/economy/poverty_rate_income/

The Uber rich are getting richer:
http://money.cnn.com/2011/02/22/news/economy/income_inequality/index.htm?iid=EL

CEOs and our ridiculous tax structure:
http://www.thenation.com/blog/163079/executive-pay-and-great-tax-dodge

Not sure how this snuck through the Faux editors at WSJ but it's good info to have:
"According to the PBS NewsHour on Tuesday Aug. 16, the wealthiest 20% of Americans own 84% of the wealth, while the poorest 40% own just 0.3% of it.
Meanwhile, on Tues. Sept. 13, U.S. Census Bureau data showed:
The income of the average American worker—long the envy of much of the world—has dropped for the third year in a row and is now roughly where it was in 1996, adjusted for inflation. The U.S. poverty rate, meanwhile, has continued to rise. The official poverty rate—defined as a family of four earning less than $22,314—was at 15.1% in 2010, up from 14.3% in 2009 and 12.5% in 2007, before the recession hit in full force."
http://online.wsj.com/community/groups/religion-diversity-tolerance-governance/topics/should-we-concerned-about-wealth