(h/t Atrios)
but I had no idea their recovery was so lopsided. David Cay Johnston once again comes through with some socio-economic facts:
The richest get richerJohnston provides a couple of very interesting graphs:
By David Cay Johnston
March 15, 2012
REUTERS
The 1934 economic rebound was widely shared, with strong income gains for the vast majority, the bottom 90 percent.
In 2010, we saw the opposite as the vast majority lost ground.
National income gained overall in 2010, but all of the gains were among the top 10 percent. Even within those 15.6 million households, the gains were extraordinarily concentrated among the super-rich, the top one percent of the top one percent.
Just 15,600 super-rich households pocketed an astonishing 37 percent of the entire national gain.
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