Income Gap Between Rich and Poor Is Highest in Decades!
 

The gap between the wealthiest Americans and middle- and working-class Americans has more than tripled in the past three decades, according to a June 25 report by the Center on Budget and Policy Priorities.

New data show that the gaps in after-tax income between the richest 1 percent of Americans and the middle and poorest parts of the population in 2007 was the highest it's been in 80 years, while the share of income going to the middle one-fifth of Americans shrank to its lowest level ever.

Story continues here...

http://www.huffingtonpost.com/2010/0..._n_639984.html

The middle class is an endangered species.


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It has more than tripled. That's quite a big change.
I would say a person who has less debt is more rich.

it's not exactly surprising
"rich" spend perhaps 50% of their income and invest the rest... "poor" spend nearly 100% of it, and invest 0%...

It's all very simple. Pick a side.

It's not just a problem in the US also a problem in the UK.
The problem with the middle classes is they spend money on depreciating assets ( designer clothes, cars, jewelry, cosmetic surgery etc.) trying to look rich whilst the rich know they are rich and invest in things that generally go up in value.

the only logical conclusion to free market capitalism is that all of the wealth ends up in the hands of the few. leaving the rest with nothing.. including you.

centralized wealth and power is bad mmkay

"...I tell you the truth, it is hard for a rich man to enter the kingdom of heaven. Again I tell you, it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God." -- Jesus

http://www.mormonwiki.com/wiki/image...sus_Christ.jpg