4 Charts that Show How Rising Income Inequality Increases Pessimism
SOURCE: AP/Evan Vucci
Occupy DC protesters watch morning commuters walk through McPherson Square in Washington on Monday, December 5, 2011. The income gap between the rich and everyone else is large and getting larger, while middle-class incomes stagnate. This has raised concerns that the nation’s middle class isn’t sharing in economic growth as it has in the past, and [...]
Thanks again inequality.org!
Inequality and Health
How does inequality and health relate? Increasing evidence from scientists the world over indicates that many health outcomes — everything from life expectancy to infant mortality and obesity — can be linked to the level of economic inequality within a given population. Greater economic inequality appears to lead to worse health outcomes.
By greater inequality, epidemiologists — the scientists [...]
By Robert Scheer
April 06, 2011 “TruthDig” — A “working class hero,” John Lennon told us in his song of that title, “is something to be/ Keep you doped with religion and sex and TV/ And you think you’re so clever and classless and free/ But you’re still fucking peasants as far as I can see.”
by: Bill Quigley, Truthout |
The rich have been getting richer and the poor and the middle class have been getting poorer in the US recently. Here are seven examples that show how the US is going through “Robin Hood in Reverse.”
Between 1948 and 1979, the richest 10 percent of families in the US claimed 33 percent of average income growth. Between 2000 and 2007, the richest [...]
— By Dave Gilson and Carolyn Perot
HOW RICH ARE THE SUPERRICH?
A huge share of the nation’s economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. The average income for the bottom 90 percent of us? $31,244.
Note: The 2007 data (the most current) doesn’t reflect the impact [...]