• Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
Saturday, June 14, 2025
Illinois Review
  • Login
  • Register
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
No Result
View All Result
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • US NEWS
  • America First
  • Opinion
  • World News
  • Second Amendment
No Result
View All Result
Illinois Review
No Result
View All Result
Home Illinois News

Are All the Economic Gains Going to the Top 1 Percent?

Illinois Review by Illinois Review
March 21, 2016
in Illinois News
Reading Time: 2 mins read
A A
0
26
SHARES
431
VIEWS
Share on FacebookShare on Twitter

2015-09-04-1441352054-2039208-BERNIEDEBATE

You might also like

Caught Off Guard: Pritzker Left Speechless on Women’s Restroom Question Amid Sanctuary City Testimony

OPINION: Judicial Watch Petitions U.S. Supreme Court Over Illinois Ballot Counting — A Possible Turning Point for Election Integrity

Pritzker’s Tax Grab: Families Face Massive Hikes on Haircuts, Oil Changes, and More!

Do the 1 percent really capture all the economic growth, as some commentators—and one presidential candidate—have asserted? The claim, writes Scott Winship, is based on cherry-picked periods that focus on economic expansions. But wealthy households suffer greater losses during downturns. When you take ups and the downs into account, it’s simply not true that only the wealthy gain. “In truth, the top 1 percent is no better off today than before the financial crisis.”

According to many observers, incomes have stagnated for most Americans since the Great Recession, while the rich get richer. This claim, however, is based on analyses that cherry-pick start and end dates to assess income growth: the top 1 percent of households see sharper income declines during economic downturns than everyone else, and the Great Recession was especially destructive.

An accurate accounting of who is gaining and losing in the U.S. economy requires a broad view across an entire business cycle: while the richest households tend to gain the most during economic expansions, this is partly because they also lose the most during recessions. In the current, ongoing, business cycle, real incomes declined between 2007 and 2014; the top 1 percent experienced nearly half of that total decline. From 1979 to 2007, 38 percent of income growth went to the bottom 90 percent of households, amounting to a 35 percent increase ($17,000) in its average income.

More HERE

Related

Tags: Illinois Review
Share10Tweet7
Previous Post

Washington’s Spending Problem [video]

Next Post

Wildlife Strike Data Proves FAA Overreach on Drones

Illinois Review

Illinois Review

Recommended For You

Caught Off Guard: Pritzker Left Speechless on Women’s Restroom Question Amid Sanctuary City Testimony

by Illinois Review
June 12, 2025
0
Caught Off Guard: Pritzker Left Speechless on Women’s Restroom Question Amid Sanctuary City Testimony

By Illinois ReviewIllinois Gov. JB Pritzker testified Wednesday before the U.S. House Oversight and Government Reform Committee alongside fellow sanctuary city governors – occasionally appearing visibly stunned and...

Read moreDetails

OPINION: Judicial Watch Petitions U.S. Supreme Court Over Illinois Ballot Counting — A Possible Turning Point for Election Integrity

by Janelle Powell
June 6, 2025
0
OPINION: Judicial Watch Petitions U.S. Supreme Court Over Illinois Ballot Counting — A Possible Turning Point for Election Integrity

By Janelle Powell, Opinion ContributorIn what could be a landmark moment for restoring election integrity in Illinois, Judicial Watch has officially petitioned the United States Supreme Court to...

Read moreDetails

Pritzker’s Tax Grab: Families Face Massive Hikes on Haircuts, Oil Changes, and More!

by Illinois Review
May 31, 2025
0
Pritzker’s Tax Grab: Families Face Massive Hikes on Haircuts, Oil Changes, and More!

Governor JB Pritzker’s 6.25% services tax and automatic gas tax hike are punishing Illinois families and businesses—proof that Democrats’ tax-and-spend agenda fails working people every time.

Read moreDetails

Justice Department Launches Investigation Into Chicago Mayor Johnson’s Employment Practices

by Illinois Review
May 20, 2025
0
Justice Department Launches Investigation Into Chicago Mayor Johnson’s Employment Practices

By Illinois ReviewOn Monday, the U.S. Department of Justice opened an investigation into Chicago Mayor Brandon Johnson’s hiring practices after he delivered remarks at the Apostolic Church of...

Read moreDetails

Speaker Welch Strips Latino Committee Chair of Leadership for Defending Taxpayer Money, Cites Unanswered Calls

by Illinois Review
May 16, 2025
0
Speaker Welch Strips Latino Committee Chair of Leadership for Defending Taxpayer Money, Cites Unanswered Calls

By Illinois ReviewHouse Speaker Emanuel “Chris” Welch has thrown the Democratic Party into turmoil by removing a Latino committee chairman from his leadership role for advocating to save...

Read moreDetails
Next Post

Wildlife Strike Data Proves FAA Overreach on Drones

Please login to join discussion

Best Dental Group

Related News

IL Freedom Caucus calls on Lurie Children’s Hospital to cease gender services for kids

October 27, 2022

Beckman: Is the Brigham Young University racial slur controversy another hoax?

October 27, 2022

Salvi polling shows closer race

October 27, 2022

Browse by Category

  • America First
  • Education
  • Faith & Family
  • Foreign Policy
  • Health Care
  • Illinois News
  • Illinois Politics
  • Opinion
  • Science
  • Second Amendment
  • TRENDING
  • US NEWS
  • US Politics
  • World News
Illinois Review

© 2024 llinois Review LLC Editor in Chief Mark Vargas Publisher Thomas McCullagh Chief Counsel Scott Kaspar

Navigate Site

  • Checkout
  • Home
  • Home – mobile
  • Login/Register
  • Login/Register
  • My account
  • My Account-
  • My Account- – mobile

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Illinois News
  • Illinois Politics
  • US Politics
  • Health Care
  • US NEWS
  • America First
  • Opinion
  • TRENDING
  • Education
  • Foreign Policy
  • Second Amendment
  • Faith & Family
  • Science
  • World News

© 2024 llinois Review LLC Editor in Chief Mark Vargas Publisher Thomas McCullagh Chief Counsel Scott Kaspar

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?