Cloudy

50°F

Shelton, WA

Cloudy
Humidity: 86%
  • 1

It's Really Good to Be in the Top 1 Percent

b_250_0_16777215_00_images_obgrabber_2013-09_98ef9a6213.jpgiStockphoto/Thinkstock (WASHINGTON) -- The so-called "1-percenters" are better off than since before the Great Depression. An analysis by the Internal Revenue Service reveals that those in the top 1 percent of the nation's income scale held 19.3 percent of the household incomes last year.  That's the largest gap between them and all other Americans since 1928.

Meanwhile, earners who fall into the top 10 percent managed to collect 48.2 percent of household incomes, leaving the other 90 percent to share a little more than half the income.

Although all Americans took a hit in the pocketbook during the Great Recession that ran from 2007 and 2009, the 1-percenters have bounced back nicely, thanks to both the recovery of corporate America and Wall Street.

Between 2009 and 2012, their income grew over 31 percent while incomes for the other 99 percent only went up 0.4 percent.

Households earning $394,000 annually are in the nation's top 1 percent.

Copyright 2013 ABC News Radio

  1. Environment
  2. Recreation

Tweets

nfl
nfl - .@Packers. @Seahawks. 133 days... #Kickoff2014 Here's something to hold you over: on.nfl.com/1k9Aq5s

Retweeted 2 minutes ago

wsferries
wsferries - Seen any whales from the ferry lately? We have! bit.ly/whaleUp pic.twitter.com/fqou8OVDpY

5 minutes ago

TriCityHerald
TriCityHerald - Avalanche warning for Mount Hood, Mount Rainier: tri-cityherald.com/2014/04/24/294…

Retweeted 11 minutes ago

SoundersFC
SoundersFC - Home sweet home for the #Sounders as its back to @CenturyLink_Fld on Saturday: sndrs.com/pygm #SEAvCOL | pic.twitter.com/RbyQRumvq3

12 minutes ago

Public Notices