Skip navigation
No more
Know more

You’re probably making 10 percent less than you were ten years ago. The top 0.01 percent is making 76.2 percent more.

You’re probably making 10 percent less than you were ten years ago. The top 0.01 percent is making 76.2 percent more.

The 99 percent v. 1 percent distinction is so 2011. The new hotness is the 99.99 percent versus the 0.01 percent.

Sure, the bottom 99 percent of the top 1 percent did pretty damn well in the last decade; those in the top 1 percent but not the top 0.5 percent saw average family incomes rise by 11.3 percent. But the top 0.01 percent really made bank, earning about 76.2 percent more in 2012 than they did in 2002. And that’s an conservative figure, considering the numbers above don’t take into account capital gains income.

What about the rest of us? Well, we saw average family incomes fall by 10.7 percent. All the economic growth of the last decade was hoarded by a small minority of Americans.

Hat-tip to James McRichie. Click “Know More” for more of Emmanuel Saez and Thomas Piketty’s findings about inequality during the recession and recovery.

Dylan Matthews | December 6, 2013 at 2:39 pm
Know more: Striking it richer
No more
Know more
When will the hottest day of the year be? It depends where you live
Max Ehrenfreund
No more
Know more
Fabulously Ukrainian propaganda showing where the rebels are
Max Ehrenfreund
ADVERTISEMENT
No more
Know more
On health and military spending, the U.S. looks like the developing world
Max Ehrenfreund
No more
Know more
Alexander Becker
No more
Know more
The targets of hate crime: Jews, Muslims and gay men
Max Ehrenfreund
No more
Know more
Gaza is about as densely populated as Boston
Max Ehrenfreund
No more
Know more
Fracking or other industry might have caused these “swarms” of earthquakes
Max Ehrenfreund
No more
Know more
A map of where earthquakes are most likely
Max Ehrenfreund
No more
Know more
Max Ehrenfreund
No more
Know more
This map shows the writers at the center of contemporary philosophy
Max Ehrenfreund
No more
Know more
Alexander Becker