Here’s You and Here’s the Top Ten Percent

In a nutshell, here is a graph that summarizes everything you need to know about the US economy. Unless you’re in the top ten percent of income producers in the nation — or, at least, living in their neighborhood — you are living in a dingy bedroom economy that has only seen its net worth decline since the Great Recession began. Those who are in the top ten percent, on the other hand, profited astronomically from the Great Recession. It’s the best thing that ever happened to them, and you helped them do it with tax-backed or even tax-fundedbailouts and by allowing them a perpetual cycle of savings on their capital gains.

Clearly the only ones who “recovered” are at the top

—David