3 ms·
In addition to the weath-in-pixels visualization you linked, another very damning graph comes from the Fed's research arm: https://fred.stlouisfed.org/graph/?g
by bleepblorp 6y ago
In addition to the weath-in-pixels visualization you linked, another very damning graph comes from the Fed's research arm:
https://fred.stlouisfed.org/graph/?g=bOfK https://fred.stlouisfed.org/graph/?g=bOfK
This is a plot of median household income in comparison to GDP per household, both in inflation-corrected dollars.
The GDP/household line has been pulling away from the household income line since the 1980s. While a great deal of wealth is being created in America, a decreasing share of it is trickling down into the hands of the median person. The rest of it is disappearing into the pockets of the already very wealthy in general, and the billionaires in particular.