New data is now available from top income researchers Thomas Piketty and Emmanuel Saez. The data show that for 2011, 90 out of 100 Americans earned just half of the income in the United States. The other half was shared among the top 10% – with the plurality being funneled directly to the top 1%.
In 2011, the top 1% enjoyed average incomes in excess of $1 million – while the bottom 90% averaged just over $30,000. However, it’s worth noting the rich aren’t gaining nearly as fast as the ultra-rich. In 2011, the top 0.01% pulled down an average of more than $24 million per earner.
More To Read
November 1, 2024
Accessible, affordable health care must be protected
Washington’s elected leaders can further expand essential health care
September 24, 2024
Oregon and Washington: Different Tax Codes and Very Different Ballot Fights about Taxes this November
Structural differences in Oregon and Washington’s tax codes create the backdrop for very different conversations about taxes and fairness this fall
September 10, 2024
Big Corporations Merge. Patients Pay The Bill
An old story with predictable results.