Chart of the Day: The Rich Are Getting Richer, The Poor Are….


The Federal Reserve’s 2013 Survey of Consumer Finances is out, and guess what? Over the past 25 years, the rich have seen their wealth skyrocket, from 44.8 percent of the total to 54.4 percent of the total. The middle class and the poor, by contrast, have seen their share of national wealth plummet from 33.2 percent to 24.7 percent.

In other words, the rich are getting richer and the poor are….well, you know. Is it any wonder that the rich don’t really want to see a lot of changes to our current economic regime? Why would they?

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PLEASE—BEFORE YOU CLICK AWAY!

“Lying.” “Disgusting.” “Scum.” “Slime.” “Corrupt.” “Enemy of the people.” Donald Trump has always made clear what he thinks of journalists. And it’s plain now that his administration intends to do everything it can to stop journalists from reporting things it doesn’t like—which is most things that are true.

We’ll say it loud and clear: At Mother Jones, no one gets to tell us what to publish or not publish, because no one owns our fiercely independent newsroom. But that also means we need to directly raise the resources it takes to keep our journalism alive. There’s only one way for that to happen, and it’s readers like you stepping up. Please do your part and help us reach our $150,000 membership goal by May 31.

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