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U.S. Income Inequality Reaches Highest Level Since 1928
A new economic study reveals income inequality between the wealthiest Americans and the rest of the population continues to increase. According to an analysis of IRS figures dating to 1913 by economists at the University of California, Berkeley, the Paris School of Economics and Oxford University, the richest 1% earned 19.3% of all household income in 2012 and the richest 10% earned 48.2%. Read more.
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