top 1%

This tag is associated with 7 posts

The Top 1 Percent – Come from almost just three economic sectors: professional services, finance – insurance and health care

In the United States, the richest 1 percent have seen their share of national income roughly double since 1980, to 20 percent in 2014 from 10 percent. This trend, combined with slow productivity growth, has resulted in stagnant living standards for most Americans. No other nation in the 35-member Organization for Economic Cooperation and Development … Continue reading

Global Wealth Report – The top 1% own 50.1% of all household wealth in the world

The Credit Suisse Research Institute’s Global Wealth Report is the most comprehensive source of global household wealth information. It analyzes wealth held by 4.8 billion adults across the globe, from the least affluent to the wealthiest individuals. Now in its eighth edition, the report includes a focus on Millennials’ wealth position and provides a comparison … Continue reading

Inequalities in US – All 50 states have experienced widening income inequality in recent decades EPI finds

Economic inequality is, at long last, commanding attention from policymakers, the media, and everyday citizens. There is growing recognition that we need an inclusive economy that works for everyone—not just for those at the top. While there are plentiful data examining the fortunes of the top 1 percent at the national level, this report uses … Continue reading

Richest 1% will own more than the rest of the world by 2016

The explosion in inequality is holding back the fight against global poverty according to a new Oxfam report, Wealth: Having it all and wanting more, the combined wealth of the richest 1 per cent will overtake that of the other 99 per cent of humanity next year unless the current trend of rising inequality is … Continue reading

Top 1% Earners / In What Field Do They Majored In ?

According to the Census Bureau’s 2010 American Community Survey, the majors that give you the best chance of reaching the 1 percent are pre-med, economics, biochemistry, zoology and, yes, biology, in that order. Below is a chart showing the majors most likely to get into the 1 percent (excluding majors held by fewer than 50,000 … Continue reading

US / The Income Inequality Crisis in 16 Charts

The middle class crisis — and its resulting income inequality — is the most important economic story of our time. There are a million ways to tell it, and here’s another: an annotated slide show, culled from the amazing 2012 edition of the State of Working America from EPI. Choosen excerpts by Job Market Monitor … Continue reading

U.S. | The top 1 percent got 93% of income growth

93 percent of income growth went to the wealthiest 1 percent of American households, while everyone else divvied up the 7 percent that was left over according to Emmanuel Saez. Main Findings Source: http://elsa.berkeley.edu/~saez/saez-UStopincomes-2010.pdf “Figure 1 presents the income share of the top decile from 1917 to 2010 in the United States. In 2010, the top … Continue reading

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