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Richest 1% earn biggest share since Roaring '20s 

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Fri, 13 Sep 13 4:58 PM | 36 view(s)
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Richest 1% earn biggest share since Roaring '20s

Published: Wednesday, 11 Sep 2013 | 7:03 AM ET

The gulf between the richest 1 percent and the rest of America is the widest it's been since the Roaring '20s.

The very wealthiest Americans earned more than 19 percent of the country's household income last year—their biggest share since 1928, the year before the stock market crash. And the top 10 percent captured a record 48.2 percent of total earnings last year. 


U.S. income inequality has been growing for almost three decades. And it grew again last year, according to an analysis of Internal Revenue Service figures dating to 1913 by economists at the University of California, Berkeley, the Paris School of Economics and Oxford University.

more:
http://www.cnbc.com/id/101025377




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