Income growth since 2009 has gone entirely to richest 10%

Any SEO guru will tell you to lead with a chart.

Any SEO guru will tell you to lead with a chart.

The Bard University economist Pavlina Tcherneva has calculated the distribution of income growth during periods of economic expansion, and her results suggest that recovery from the financial collapse of 2008 has been limited to the top 10%. It appears that more than all of the income growth since 2009 has benefited the richest tenth; during our glorious recovery, inflation-adjusted incomes have fallen for 90% of Americans. And don’t even get me started on 2001-2007, the period of wild growth in the finance and real estate sectors that set the stage for 2008’s crash. We saw six years of growth whose gains went to the richest Americans, followed by a jobless recovery that enriched them further at everyone else’s expense.

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