Why are middle class construction jobs so important to the economy? This graphic maps wealth and income distribution from 1962 to 2010. The picture it paints is stark. During this time period, the richest have become richer and the poorest have become poorer.
- The richest 20 percent claim 46 percent of American income in 1962, and almost 60 percent of income in 2010. Their share of non-home wealth (not including home equity) went from 86.1 percent to 95.4 percent over the same span.
- After widening in the 1970s, the inequality of net worth (the red line is the gini coefficient measure of inequality) was pretty flat through 2007, but spike sharply between 2007 and 2010.
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