Jacob J. Walker's Blog

Scholarly Thoughts, Research, and Journalism for Informal Peer Review

Archive for February 19th, 2014

Thought of the Day: Am I part of the 99% or the 1%?

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Chart of U.S. income inequality. The data come from this table: http://www.econ.berkeley.edu/~saez/TabFig2008.xls on Emmanuel Saez’s website at University of California, Berkeley.

The Occupy Wall Street movement says We are the 99%.  And it is clear the income inequality within the United States is staggering, and that we don’t generally recognize it, as this video clearly shows with clarity. With a median household income of $53,046, the “average” household in the U.S. has extremely less income than the top 1% of the U.S.  And I will disclose that the U.S. median household income is very close to my family’s household income.

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Written by Jacob Walker

February 19th, 2014 at 11:56 am