Income growth distribution

At the same time

It was another record year for the wealthiest people in America, as the price of admission to the country’s most exclusive club jumped nearly 18%. The minimum net worth to make The Forbes 400 list of richest Americans is now a record $2 billion, up from $1.7 billion a year ago. The group’s total net worth climbed to $2.7 trillion, up from $2.4 trillion, and the average net worth rose to $6.7 billion, up from $6 billion.

This guys send big thank you.

Seventy-eight percent of full-time workers said they live paycheck to paycheck, up from 75 percent last year, according to a recent report from CareerBuilder.

Overall, 71 percent of all U.S. workers said they’re now in debt, up from 68 percent a year ago, CareerBuilder said.

While 46 percent said their debt is manageable, 56 percent said they were in over their heads. About 56 percent also save $100 or less each month.

this results in

Almost two-thirds of Americans, or 63 percent, report being stressed about the future of the nation, according to the American Psychological Association’s Eleventh Stress in America survey. 59 percent, said “they consider this to be the lowest point in our nation’s history that they can remember.”

Time to get concerned about future of capitalism in US.

About 20% of adults age 26 to 34 are living with parents or other family members, a figure that has climbed steadily the past decade and is up from 17% in 2012, according to an analysis of Census Bureau data by Trulia, a real estate research firm. The increase defies record job openings and a 4.1% unemployment rate, the lowest in 17 years.

Not surprisingly, a much larger portion of younger Millennials age 18 to 25 (59.8%) live with relatives, but that figure generally has fallen the past few years after peaking at 61.1% in 2012.

The future will be to make an increasing number of unpeople. Just find a place to dump them and their misery, then forget that they exist, from your brownstone in the last few remaining cities of wealth

Oxfam surveyed over 70,000 people in 10 countries, representing one-quarter of the world’s population:

• Over three-quarters of people either agree or strongly agree that the gap between rich and poor in their country is too large – this ranges from 58% in the Netherlands to 92% in Nigeria.
• Nearly two-thirds of the respondents in the 10 countries think the gap between the rich and the poor needs to be addressed urgently or very urgently.
• 60% of total respondents agree or strongly agree it is the government’s responsibility to reduce the gap between the rich and the poor. In South Africa, 69% of respondents agree or strongly agree.
• 75% of the respondents prefer lower levels of income inequality than those that exist in their country. In fact, more than half of the people surveyed wanted lower levels of inequality in their country than currently exist in any country in the world.

Last year saw the biggest increase in the number of billionaires in history, one more every two days. There are now 2,043 dollar billionaires worldwide. Nine out of 10 are men.

• In 12 months, the wealth of this elite group has increased by $762bn. This is enough to end extreme poverty seven times over.
• In the period between 2006 and 2015, ordinary workers saw their incomes rise by an average of just 2% a year,20 while billionaire wealth rose by nearly 13% a year – almost six times faster.
• 82% of all growth in global wealth in the last year went to the top 1%, while the bottom half of humanity saw no increase at all.
• While billionaires in one year saw their fortunes grow by $762bn, women provide $10 trillion in unpaid care annually to support the global economy.
• New data from Credit Suisse means 42 people now own the same wealth as the bottom 3.7 billion people, and that last year’s figure has been revised from eight to 61 people owning the same as the bottom 50%.
• The richest 1% continue to own more wealth than the whole of the rest of humanity.
• In Nigeria, the richest man earns enough interest on his wealth in one year to lift two million people out of extreme poverty. Despite almost a decade of robust economic growth in Nigeria, poverty has increased over the same period.
• In Indonesia,27 the four richest men own more wealth than the bottom 100 million people.
• The three richest people in the US own the same wealth as the bottom half of the US population (roughly 160 million people).28

Retirement and medical care benefits were available to 70 percent of civilian workers in March 2017. 94 percent of union workers had access to employer-sponsored retirement and medical care benefits. For nonunion workers, 66 percent had access to retirement benefits and 67 percent to medical care benefits.

For civilian workers, the shares employers paid of medical care premium costs were 80 percent for single coverage and 68 percent for family coverage. The employee and employer shares of premiums also varied by bargaining status. Employers assumed 87 percent of the premium for single coverage for union workers and 79 percent for nonunion workers. For family coverage, union workers had 80 percent of the premium paid for by employers, whereas nonunion workers had 65 percent of the premium paid by employers.

Unions are good for your health.

Shares owners in US