Sixty-five percent of recent US income growth went to the top one percent

Evidence

After decades of shrinking income and wealth inequality in the postwar period, inequality has risen steadily since the early 1980s. The vast preponderance of economic growth since that time has benefitted the richest Americans: in the most recent decade, 65 percent of all income growth went to the top 1 percent of the population, while the median income of nonelderly households fell, and the share of Americans living in poverty rose. — Wendy Brown, Undoing the Demos, 655

Categorization

• XREF: connects to: Top US tax rate cuts correlate with income concentration, not economic growth — Mark Blyth, Austerity: The History of a Dangerous…, 654; US income inequality roughly doubled between 1980 and 2007. — Mark Blyth, Austerity: The History of a Dangerous…, 59; Two-thirds of recent global wealth went to the top one percent — Clara E. Mattei, Escape from Capitalism: An Intervention, 382 (+2 more)

Broader Connections

• Two-thirds of recent global wealth went to the top one percent #corroborates (0.85) — Clara E. Mattei, Escape from Capitalism, 382
• US top income share rose 636 percent while bottom wages stagnated since 1980 #corroborates (0.80) — Jessica Whyte, The Morals of the Market, 454