Wealth

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Wealth of the 1% vs. Poverty of the 99%.

The most obvious way in which the 1% have become more wealthy is the increase in the rate of unemployment. The more that Americans lose their jobs and thus live paycheck to paycheck, the higher unemployment becomes. The rate of unemployment for the median American has increased from less than 14% just before the crisis last until now to roughly 28.5% today. When jobs are scarce, unemployment goes up much faster. The 1% have become significantly wealthier and so the poor have become far more vulnerable to their fate.

Wealth | Ecency