Sunday, October 14, 2007

rich getting rich

We have reported it before but the statistics and figures still keep coming in to confirm it . The rich are getting richer .

The income gap between the wealthiest and poorest Americans grew to its widest level since the 1920s. The wealthiest 1 percent of all Americans earned 21.2 percent of all the nation's income in 2005, up from the previous high of 20.8 percent in 2000.

While the bottom half of working Americans earned just 12.8 percent of all the nation's income, down from 13.4 percent in 2004 and slightly lower than 13 percent in 2000.

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