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U.S. Income Inequality: Top 1 Percent Take Home 24 Percent Of U.S. Income

Banana

First Posted: 01/06/11 05:12 AM ET Updated: 05/25/11 07:10 PM ET

The New York Times:

The richest 1 percent of Americans now take home almost 24 percent of income, up from almost 9 percent in 1976. As Timothy Noah of Slate noted in an excellent series on inequality, the United States now arguably has a more unequal distribution of wealth than traditional banana republics like Nicaragua, Venezuela and Guyana.

Read the whole story: The New York Times

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Filed by T.J. Ortenzi  |