Chart: Big Gains for the 1 Percent of the 1 Percent

We’ll be posting a new chart on the current state of income inequality every day for the next couple of weeks. Yesterday’s chart looked at how the richest Americans bounced back from the Great Recession. Today’s chart: How the richest of the rich have enjoyed massive income gains for decades.

Since 1980, the average real income of the 1 percent has shot up more than 175 percent while the bottom 90 percent’s real income didn’t budge. But as this chart shows, the vast majority of gains have gone to the tippy-top—the 1 percent of the 1 percent.

rise of the megarich

Source: Emmanuel Saez and Thomas Piketty (Excel)

Illustrations and infographic design by Mattias Mackler?

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Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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