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The Mid-Blowing U.S. Income Gap [Pic]

Occupy Wall Street is all but gone, while income inequality appears here to stay. Such is life in the United States of America, where the divide between rich and poor can sometimes feel like one of the country”s only true constants.

The difficulty is truly grasping the size of that gap, a problem the below infographic by Visualizing Economics helps make easier. Pay special attention to the bottom 90 percent of Americans, who collectively held just a little more than half of the nation”s wealth in 2010, all while the wealthiest 0.01 percent held nearly five percent. It”s a stark divide many too easily forget.

The only infographic you”ll need to understand how bad it really is.

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Category: Misc
Date: 04/01/14 06:42 AM

28 Responses to The Mid-Blowing U.S. Income Gap [Pic]

  1. Profile photo of piratefish
    piratefish Male 40-49
    675 posts
    April 1, 2014 at 5:23 am
    Link: The Mid-Blowing U.S. Income Gap - The only infographic you`ll need to understand how bad it really is.
  2. Profile photo of AvatarJohn
    AvatarJohn Male 30-39
    1059 posts
    April 1, 2014 at 7:16 am
    Meaningless, since the income of one person does not directly affect the income of another. The more meaningful statistic would be income growth over time in the various groups, rather than pointlessly comparing groups like this. This is just jealousy and class warfare, which is ultimately self-defeating.
  3. Profile photo of wolladude
    wolladude Male 30-39
    366 posts
    April 1, 2014 at 7:18 am
    I like living in Denmark :)
  4. Profile photo of papajon0s1
    papajon0s1 Male 40-49
    579 posts
    April 1, 2014 at 7:40 am
    Again, more numbers... ugh. You want numbers? I just read that the top twelve wealthiest US congressional districts have... wait for it... Democratic in office! So who is the party of the rich again? Really? You still say GOP? Alrighty then... moving on... there`s nothing else I can do here.
  5. Profile photo of Squrlz4Sale
    Squrlz4Sale Male 40-49
    6230 posts
    April 1, 2014 at 7:43 am
    I honestly don`t know how anyone can dismiss this information at "meaningless." Interpret it any way you like, but to say that income inequality has no relation to the health of a democracy, or the quality of its future, is bonkers.
  6. Profile photo of chicagojay
    chicagojay Male 40-49
    2018 posts
    April 1, 2014 at 7:56 am
    Taking more from those who have, does not make better the life of those who have not. If you prefer, you can go to a country where almost everyone is poor. Less gap. Happy?
  7. Profile photo of irunfast86
    irunfast86 Male 18-29
    404 posts
    April 1, 2014 at 8:36 am
    @AvatarJohn, "jealousy and class warfare"? my wife and i both work full time jobs doing more then our fair share only to be able to afford a house to sleep in, food to sustain us and cars to get us to our jobs. the down fall of this country was forcing both parents to work full time. marriages fall apart and kids aren`t raised properly. history points out all societies with this much wealth inequality will go under.
  8. Profile photo of McGovern1981
    McGovern1981 Male 30-39
    14268 posts
    April 1, 2014 at 8:47 am
    [quote">I like living in Denmark :)[/quote">

    The average household net-adjusted disposable income is 24 682 USD a year. I wouldn`t call everyone making much less but closer to each other much better......
    See for yourself.
    Granted there`s other things besides money in life but we`ll stick to the subject.
  9. Profile photo of normalfreak2
    normalfreak2 Male 18-29
    4084 posts
    April 1, 2014 at 8:47 am
    Eventually people will have enough and well...Those that have may not like what happens to them.
  10. Profile photo of Cajun247
    Cajun247 Male 18-29
    10742 posts
    April 1, 2014 at 9:08 am
    Well since we`re not applying the proper context to numbers:
  11. Profile photo of FredSpudman
    FredSpudman Male 18-29
    653 posts
    April 1, 2014 at 9:45 am
    So what this is saying is Norway is the best country in the world? I thought as much.
  12. Profile photo of Andrew155
    Andrew155 Male 18-29
    2579 posts
    April 1, 2014 at 9:45 am
    Hey wolladude, Denmark has more wealth (as opposed to income) inequality than America, or the rest of Europe for that matter.

    I just briefly skimmed over the graphs here, I want to know if they used the "after tax, after transfers gini". It matters, because the United States is very similar to the UK and Australia after taxes and wealth transfers.

    Fun fact though, Germany is by far the most unequal before wealth transfers - just something to chew on.
  13. Profile photo of Andrew155
    Andrew155 Male 18-29
    2579 posts
    April 1, 2014 at 9:48 am
    FredSpudman - what has Norway ever accomplished? Norway is about as much of the "best" country as Iowa is. Compare Norway to Iowa or New Hampshire on any metric, and it`s the same. Even as far as inequality, they`re not that different.

    Norway hasn`t made a significant contribution to humanity, other than the cheese cutter.

    Besides, Norway only has that wealth because they are hoarding it. They have massive trade barrier - the money doesn`t leave. This is good for the privileged few in Norway, but it makes everyone else poor - other European countries and 3rd world countries.

    Norway doesn`t believe in Social Justice one bit. They have a sovereign wealth fund worth more than 1 trillion, but they hoard it. They are 1%ers. They could`ve solved the Greek debt crisis and had 1 trillion left.
  14. Profile photo of Agent00Smith
    Agent00Smith Male 18-29
    2581 posts
    April 1, 2014 at 12:07 pm
    "Meaningless, since the income of one person does not directly affect the income of another."

    I`ve heard this brainwashed line a thousand times and it is sickening.

    Pretending that low income and high income people live on completely different planets is the REAL class warfare.

    For every action there is an equal and opposite reaction. When one gains unnecessarily, the other loses unnecessarily.
  15. Profile photo of 747Pilot
    747Pilot Male 18-29
    1455 posts
    April 1, 2014 at 1:46 pm
    you guys are going to have to live up to your "home of the brave" song, and stand up. prove it.
  16. Profile photo of piratefish
    piratefish Male 40-49
    675 posts
    April 1, 2014 at 4:17 pm
    "The more meaningful statistic would be income growth over time in the various groups, rather than pointlessly comparing groups like this."

    Well how about this: wages in the bottom 80% have stayed mostly flat since 1967, with median household income in 2012 actually being LOWER than it was in 1989. Meanwhile, income for the top 1% has increased by more than 300% during that same time period. Also, chew on this: more than 95% of all income gains since the 2008 economic collapse have been captured by the top 1%. Is this comparing apples to apples enough for you?

    Wealth, per se, is not evil. But material excess and hoarding more than one can possibly use at the expense of everyone else, certainly are.

    Make no mistake about it - the "pie" is FINITE; only fools and economists believe in infinite growth. So if the richest 400 Americans control 1/2 of the wealth, that doesn`t leave much for the other 317 million Americans.
  17. Profile photo of paperduck
    paperduck Male 18-29
    1745 posts
    April 1, 2014 at 9:47 pm
    As someone who has traversed the first chart from the very bottom of the right side clear up through to somewhere on the left, the problem is you never have "enough". Problems and focus changes (granted, its not where is the next meal coming from), I don`t see how it would stop. You get new fresh worries, but admittedly problems I`d rather have like can I afford education for kids or retire comfortably for life into 80`s, etc.
  18. Profile photo of Draculya
    Draculya Male 40-49
    14654 posts
    April 1, 2014 at 10:10 pm
    Is that all it takes to be a 1%er in the US? That`s less than my *disposable* income (post tax, loan repayment, medical, schools etc.) and I`m poorer than most of my mates. I thought you were a rich nation?
  19. Profile photo of piratefish
    piratefish Male 40-49
    675 posts
    April 2, 2014 at 7:10 am
    "Is that all it takes to be a 1%er in the US? That`s less than my *disposable* income (post tax, loan repayment, medical, schools etc.) and I`m poorer than most of my mates. I thought you were a rich nation?"

    Now you`re beginning to understand the income gap.

    My biggest issue is with the 0.01%; no one is worth that much money when the tens of thousands who have put them there need welfare funded by me and other tax payers to survive.

    People don`t seem to understand that the pie we have to share is very finite, so when a very few individuals hoard so much for themselves, it doesn`t leave a lot for everyone else. What the charts do not show is the fact that the wealthiest 400 Americans own HALF of all the wealth in the U.S. That means 317 million other Americans have to share the other half.

    That`s what I have an issue with. And it blows my mind that so many who are not part of the top 0.01% defend their greed and excess so vehemently.
  20. Profile photo of piratefish
    piratefish Male 40-49
    675 posts
    April 2, 2014 at 7:22 am
    Put another way, it`s like going to a grocery store that has enough food for 792,000 people, but one ass clown shows up and loots half of the stock, leaving the other 791,999 people to fight over what`s left. And his excuse is "Well, you should have been there first; you`re just jealous."

    Problem is, these same ass clowns made the rules to the system they have exploited to capture such an obscene amount of wealth for themselves. They`re the ones who really run this country, not our elected officials. And I`m surprised by how very few Americans seem to have figured this out, and by how many seem to be okay with a system that doesn`t really give one rusty f word about them. Instead, they argue violently for the handful of guys that are robbing us blind and raping our country.

    And I`m the dim wit sh*t for brains, according to some very superficial people. Tells me they don`t have a very good grasp of mathematics or economics.
  21. Profile photo of piratefish
    piratefish Male 40-49
    675 posts
    April 2, 2014 at 7:28 am
    Again, let me be very clear, I don`t have an issue with the people earning 3 or 4 million a year, or even 9 or 10 million a year. I do, however, have an issue with ass clowns who steal hundreds of millions or even billions of dollars a year. No one needs or can even use that much, especially when there are tens of thousands or even hundreds of thousands who work for them that need welfare funded by me just to make ends meet.

    Good thing guys like Eli Lily and Jonas Salk didn`t buy into the same selfish mentality that seems to grip this supposedly "Christian" nation. (Christ actually despised greed and selfishness, so I think that the vast majority of people claiming to be Christian n this country don`t have a clue what that word really means.)
  22. Profile photo of McGovern1981
    McGovern1981 Male 30-39
    14268 posts
    April 2, 2014 at 7:42 am
    Is that all it takes to be a 1%er in the US? That`s less than my *disposable* income (post tax, loan repayment, medical, schools etc.) and I`m poorer than most of my mates. I thought you were a rich nation?

    None of your mates are from mainland China I take it? I`d say you hang around stuck up asses like yourself which is why your income seems average.
  23. Profile photo of McGovern1981
    McGovern1981 Male 30-39
    14268 posts
    April 2, 2014 at 7:53 am
    That is if you`re not full of it which is debatable but an entirely different subject.
  24. Profile photo of CreamK
    CreamK Male 40-49
    1423 posts
    April 3, 2014 at 10:01 am
    In most countries, there is a labor party in some form or another. USA has only corporate and elite represented.

    Second topic, unions. They are seen as negative institutions and for most part, i agree. Unions in USA are not workers unions but powerstructures (same goes for all countries, unions tend to turn against it`s members just to keep the power it has). I can say with out a doubt that without proper unions, collective bargain power, you will not have workers rights. Some unions, like in entertainment industry, have saved countless lives; building temporary structures was wild west once where you had to do ridiculously dangerous stuff to cut costs. I mean climbing without harnesses, cutting costs by using inferior materials, skipping safety everywhere.. There the change was radical and for the good and now everyone has to belong to union, otherwise people WILL start to die again..
  25. Profile photo of Tusenbach
    Tusenbach Female 40-49
    5 posts
    April 3, 2014 at 12:24 pm
    @Andrew Norwegians pioneered hydroelectric power, discovered America for the west. Also have the most Winter Olympic medals of all time despite only just having reached the 5 million mark for population. Also has a rather higher standard of living than Iowa. Also donates more money to foreign aid than Iowa. Also seems that the U.S proportionately spends far less on foreign aid than Norway.
  26. Profile photo of piratefish
    piratefish Male 40-49
    675 posts
    April 3, 2014 at 3:47 pm
    @Tusenbach:

    I have had the privilege of hosting two different foreign exchange students from Norway. One for 10 months during the 2011-2012 school year, and another during the 2012-2013 school year.

    I got to know them, their families, and many of their countrymen during the past 3 years, and I have had the opportunity to learn about Norway firsthand through many of its citizens.

    As far as I am concerned, Norway is a great country that has contributed a lot to the world over the centuries, and they don`t go around starting wars or playing the world`s policeman.

    If I could not live in the US, I would choose to live in either Iceland, or Norway (if I could learn their languages). :-)

    Pay no attention to the handful of ignorant, misguided people who, for the most part, don`t realize what they`re saying.
  27. Profile photo of Grendel
    Grendel Male 40-49
    6267 posts
    April 7, 2014 at 3:37 pm
    irunfast86-my wife and i both work full time jobs doing more then our fair share
    Really? How many people do you employ and what is their average salary?

    Agent00Smith-When one gains unnecessarily, the other loses unnecessarily.
    Sorry, but Bill Gates did not become rich by stealing money from someone in the projects. That`s YOUR delusion.
  28. Profile photo of Grendel
    Grendel Male 40-49
    6267 posts
    April 7, 2014 at 3:37 pm
    piratefish-no one is worth that much money when the tens of thousands who have put them there
    Sorry, for the most part, they put themselves there. And manage to elevate many others in the process.

    piratefish-People don`t seem to understand that the pie we have to share is very finite
    See, you`re demonstrating your ignornance. It`s not a zero-sum game.

    piratefish-I don`t have an issue with the people earning insert `X` amount here.
    Don`t care. Your opinion is less the worthless because it has no bearing on what people are `allowed` to earn.

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