Tuesday, November 1, 2011

What If The U.S. Were Divided By Income?

A report by the non-partisan Congressional Budget Office confirms the growing concentration of income at the top:

The total income of the top 1.1 million households [from 2003 to 2005] was $1.8 trillion, or 18.1 percent of the total income of all Americans, up from 14.3 percent of all income in 2003. The total 2005 income of the three million individual Americans at the top was roughly equal to that of the bottom 166 million Americans, analysis of the report showed.

The full impact of such staggering statistics is brought home by Occupy America, which produced the following image with explanation:

What would the United States look like if it were divided according to wealth? The Congressional Budget Office confirms that the top one percent has tripled its income since 1979, while the upper middle class has increased its wealth much more modestly, and the rest of the country has seen only a small gain.

Yes, that's the majority of us there in that little strip along the bottom of the map. And remember, there are a whole lot more of us in that little strip than there are in the top portions.

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