Apr 16, 2007
According to a study done at U.C. Berkeley and the Paris School of Economics, the gap between the very rich and everyone else in the United States is as big as it was just before the Great Depression. The report shows that in 2005, the richest 11% of Americans raked in 70% of the nation’s income. Meanwhile, the bottom 89% struggled with only a meager 30% of the nation’s income.
Don’t tell us things are getting better!