The wealth of the top 1%
Title: Social Impact: Good Or Bad, It All Depends On How You See It:
Source: Financial Express
Date: February 27, 2004
From the article:
- "Even more striking has been the sharp increase in the share of the top 1 per cent of income earners in the United States, United Kingdom and Canada. In the United States the share of this group reached 17 per cent of gross income in 2000, a level last seen in the 1920s. This increased concentration in wealth has been the prime factor in the rise in income inequality in the United States; the declining share of the bottom decile of wage earners has been in reverse since 1995. "