The richest 1 percent of the population received almost a fifth of the national households’ income in 2012, thus breaking the previous record set in 1928.
The gap between rich and poor in the US is wider than ever, according to research which uses preliminary 2012 US statistics for income. It’s an update to a comparative analysis tracing income figures back to 1913 and done by economists at the University of California, Berkeley, the Paris School of Economics and Oxford University.
The Great Recession of 2007-2009 saw the richest being hardest hit with 36 percent of income loss, while incomes for the remaining 99 percent of the population it only diminished by 11 percent.
The wealthiest 1 percent was, however, quick to recover, capturing 95 percent of the income gains in the first two post-recession years. The 2012 data suggests the bottom 99 percent of the population has hardly seen any recovery so far.
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