Friday, February 25, 2011

Rich Man, Poor Man: Charting the Income Gap


As these charts show all too clearly, not everyone is hurting equally as the country deals with the recession. (If it's not clear, click on the charts to enlarge them.) Of course, this is probably old news for anyone who has spent time in Flint, but it's worth repeating in an era of massive budget cuts.
The Great Recession and the slump that followed have triggered a jobs crisis that been making headlines since before President Obama was in office, and that will likely be with us for years," Zachary Roth reports. "But the American economy is also plagued by a less-noted, but just as serious, problem: Simply put, over the last 30 years, the gap between rich and poor has widened into a chasm."
Lucky for me, that time span pretty much covers my entire working life.

1 comment:

  1. I feel my chances of reaching up to the top are better with less government. Simply put.

    In my adventures. My biggest obstacles are excessive government regulation on the simplest of things. They always have their hands out.

    It makes it almost impossible to move forward on a budget like mine. It causes me to need pawn loans to pay for the government inspection fee's, permits etc.

    If I do not smile and do as I am told. Some goofball with a degree behind a desk can try and limit my access to success. Or simply not return my phone call for a week. Ha. Taking another "vacation".

    Bit of a rant. However, I like your post.. Thank you!

    ReplyDelete

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