Saturday, February 16, 2013

THE RICH GET...

There's a little more data that shows that the top 1% is doing just fine, thank you but the rest of us not so much.
Incomes Flat in Recovery, but Not for the 1%
By ANNIE LOWREY
Published: February 15, 2013
NY Times

WASHINGTON — Incomes rose more than 11 percent for the top 1 percent of earners during the economic recovery, but not at all for everybody else, according to new data.

The numbers, produced by Emmanuel Saez, an economist at the University of California, Berkeley, show overall income growing by just 1.7 percent over the period. But there was a wide gap between the top 1 percent, whose earnings rose by 11.2 percent, and the other 99 percent, whose earnings declined by 0.4 percent. 

In this PDF update, Saez provides this chart:

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