CNN Money presents a stunning graphic and analysis regarding the growing wealth inequality in the U.S. It has gotten much much worse since 1983.
Most Americans below the upper echelon have suffered a decline in wealth in recent decades. The median household saw its net worth drop to $57,000 in 2010, down from $73,000 in 1983. It would have been $119,000 had wealth grown equally across households.
I can imagine certain members of the 1% whispering under their breath: “Good.” It seems to me that the Republican Party should simply rename itself the Social Darwinist Party.