The super rich got super richer as the gap between them and the rest of Americans continued to widen over the last few years, according to a new Federal Reserve report.
In its Study of Consumer Finances, released every three years, the Fed found that the wealthiest 3% of American households controlled 54.4% of the nation's wealth in 2013, a slight increase from its last survey in 2010. It's also substantially higher from the 44.8% they held in 1989, showing how quickly the income divide has been growing over the past decade or so.
At the same time, the share of wealth held by the bottom 90% fell to 24.7% in 2013. That's compared to 33.2% in 1989.
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All of the income gains came from the wealthy, with the top 3% accounting for 30.5% of all income. The bottom of the scale continued to see their incomes shrink.
http://money.cnn.com/2014/09/08/luxury/super-rich-federal-reserve/index.html
Thank $DEITY we've got a "man of the People" in the White House!