If it seems like the rich are getting richer, well, the data might just back you up.
A new graph based on data from times of growth backs up growing concern that the current economic system is disproportionately favoring those that are already wealthy.
The graph shows how the benefits of economic growth used to be spread far more evenly, with post-war expansion being almost proportionately split between the the rich and everyone else. Since then, a consistent theme has emerged in which those not among the most wealthy 10% of the population are seeing diminishing benefits from growth. In fact, the rich not only reaped all the benefits of the 2009-2012 period, lower classes suffered a contraction in overall wealth despite the growth, which further benefitted the wealthy.
http://mashable.com/2014/09/25/this-really-depressing-graph-about-the-u-s-economy-is-turning-heads/
A new graph based on data from times of growth backs up growing concern that the current economic system is disproportionately favoring those that are already wealthy.
The graph shows how the benefits of economic growth used to be spread far more evenly, with post-war expansion being almost proportionately split between the the rich and everyone else. Since then, a consistent theme has emerged in which those not among the most wealthy 10% of the population are seeing diminishing benefits from growth. In fact, the rich not only reaped all the benefits of the 2009-2012 period, lower classes suffered a contraction in overall wealth despite the growth, which further benefitted the wealthy.
http://mashable.com/2014/09/25/this-really-depressing-graph-about-the-u-s-economy-is-turning-heads/
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