Chart: Happy Days Are Here Again—for the Superwealthy

With Washington paralyzed on bread-and-butter issues and the midterms ahead, we put together a primer on the state of America’s frozen paychecks. We’ll be posting a new chart every day for the next couple of weeks. Today’s chart: How the recovery left most Americans behind.

The Great Recession officially ended five years ago, but that’s news for millions of Americans: A stunning 95 percent of income growth since the recovery started has gone to the superwealthy. The top 1 percent has captured almost all post-recession income growth. Compare that with how they did during these historic booms:

Sources: Boom and recovery gains, 1% gains: Emmanuel Saez and Thomas Piketty (Excel); average household income: Census Bureau.

Illustrations and infographic design by Mattias Mackler?

Photos: Warner Bros; Peter Morgan/Reuters; Christoph Dernbach/DPA/ZumaPress; Steve Jennings/Wireimage/Getty Images; Bo Rader/Witchita Eagle/MCT/Getty Images; Kimberly White/Reuters

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THE BIG PICTURE

You expect the big picture, and it's our job at Mother Jones to give it to you. And right now, so many of the troubles we face are the making not of a virus, but of the quest for profit, political or economic (and not just from the man in the White House who could have offered leadership and comfort but instead gave us bleach).

In "News Is Just Like Waste Management," we unpack what the coronavirus crisis has meant for journalism, including Mother Jones’, and how we can rise to the challenge. If you're able to, this is a critical moment to support our nonprofit journalism with a donation: We've scoured our budget and made the cuts we can without impairing our mission, and we hope to raise $400,000 from our community of online readers to help keep our big reporting projects going because this extraordinary pandemic-plus-election year is no time to pull back.

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