The New Gilded Age

The lyrics that say, "the rich get richer and the poor have children" have never been more true. As of the latest report from a study of income inequality in America the top .001 percent of American earners took home 6 percent of total U.S. wages. This figure is higher than the peak in 1928 in the midst of the "roaring twenties".

According to an article in Huffington Post:

"Beginning in economic expansion of the early 1990s, the economy began to favor the top 1 percent of American earners, but much of the country missed was left behind. "The top 1 percent incomes captured half of the overall economic growth over the period 1993-2007," Saes (author of the study) writes."