Income of World’s Top .001% Skyrockets by 636%: Report

cocainesocialist:

The top .001 percent of earners in the United States, consisting of almost 1,300 households, have seen their earnings skyrocket by 636 percent in the past 12 months.

Meanwhile, the average annual income for the bottom 50 percent of earners has stayed constant at US$16,000 over the last four decades, adjusting for inflation.

Income of World’s Top .001% Skyrockets by 636%: Report

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