Stunning graphic regarding wealth inequality

September 12, 2012 | By | Reply More

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.

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Category: Economy, Social justice

About the Author ()

Erich Vieth is an attorney focusing on consumer law litigation and appellate practice. He is also a working musician and a writer, having founded Dangerous Intersection in 2006. Erich lives in the Shaw Neighborhood of St. Louis, Missouri, where he lives half-time with his two extraordinary daughters.

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