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This depressing chart shows that the rich aren’t just grabbing a bigger slice of the income pie — they’re taking all of it. All of it. As in, over 100 percent. Since the Great Recession, the bottom 90 percent’s income continued to shrink, and the recovery benefited only the top 10 percent. We’re basically just all handing money over to the rich.


The U.S. suffers from staggering economic inequality — as staggering, in some places, as Nigeria, El Salvador and the Dominican Republic. Richard Florida ran the numbers and compared cities in the U.S. to highly unequal foreign countries. That colorful map might look pretty, but its implications for U.S. income inequality are not.

(this post was reblogged from kiplinger)


The Truth about Income Inequality in America

Guess what, compatriots? The gap between the richest and the poorest among us is now wider than it has been since we all nose-dived into the Great Depression. So GQ sent Jon Ronson on a journey into the secret financial lives of six different people on the ladder, from a guy washing dishes for 200 bucks a week in Miami to a self-storage gazillionaire. What he found are some surprising truths about class, money, and making it in America.

(this post was reblogged from gq)