U.S. wealth gap widening, poll finds
The Associated Press
Posted: Aug 27, 2012 3:45 PM ET
Widening economic divideThe results reinforce a tide of recent economic data showing a widening economic divide. America's middle class has been shrinking in the stagnant economy and poverty is now approaching 1960s highs, while wealth concentrates at the top. A separate Pew survey earlier this year found that tensions between the rich and poor were increasing and at their most intense level in nearly a quarter-century.
The wealthy are 288 times richer than you@CNNMoney September 11, 2012: 5:30 AM ET
Wealthiest Americans have 288 times net worth of typical familyNEW YORK (CNNMoney) -- The wealth gap between the richest Americans and the typical family more than doubled over the past 50 years.
In 1962, the top 1% had 125 times the net worth of the median household. That shot up to 288 times by 2010, according to a new report by the left-leaning Economic Policy Institute.
Income Growth as Rich-Poor Gap Widened
By Peter Robison - Oct 2, 2012 8:53 AM ET Bloomberg
The income gap between rural households in China under a commonly used gauge known as the Gini coefficient reached 0.3949 last year, nearing a “danger level” of 0.40 set by the United Nations for potential social unrest. The figure was 0.47 in the U.S. last year.