Tuesday, March 4, 2014

Calculate your income if it grew as fast as the One Percent's did

From Being Liberal / Facebook
Mother Jones has a nifty calculator that lets you figure out how much you'd be earning if your income grew as fast as that of the One Percent.

The richest one percent of Americans' income grew by 270 percent over the last 50 years, adjusted for inflation. The rest of us, not so much. The average income of the bottom 90 percent grew only 22 percent over the last five decades.

People who were earning $25,015 in 1960 would theoretically be earning $30,439 in 2010. But if their earnings had increased as fast as the richest Americans, they'd be making an average of $92,847.

Click here to see how much you'd be making if your income grew as fast as the one percent's.