Tuesday, September 11, 2012

America’s 1 Percent Have 288 Times As Much Wealth As The Median Household

America’s 1 Percent Have 288 Times As Much Wealth As The Median Household: According to a new report by the Economic Policy Institute, the wealthiest 1 percent of American households had a net worth 288 times as large as the median household in 2010. This constitutes a huge increase from 1962, when the ratio was 125-1: Since 1983, nearly three-quarters of the growth in total household wealth went [...]/p