Separate but unequal: Charts show growing rich-poor gap
<cite id="yn-author">By Zachary Roth</cite>
<cite class="vcard"> By Zachary Roth zachary Roth </cite> ? <abbr title="2011-02-23T14:13:11-0800" class="timedate">Wed Feb 23, 5:13 pm ET</abbr>
The Great Recession and the slump that followed have triggered a jobs crisis that's been making headlines since before President Obama was in office, and that will likely be with us for years. But the American economy is also plagued by a less-noted, but just as serious, problem: Simply put, over the last 30 years, the gap between rich and poor has widened into a chasm.
Gradual developments like this don't typically lend themselves to news coverage. But Mother Jones magazine has crunched the data on inequality, and put together a group of stunning new charts. Taken together, they offer a dramatic visual illustration of who's doing well and who's doing badly in modern America.
Here are three samples:
•? This chart shows that the poorest 90 percent of Americans make an average of $31,244 a year, while the top 1 percent make over $1.1 million:
? According to this chart, most income groups have barely grown richer since 1979. But the top 1 percent has seen its income nearly quadruple: