Chart: Big Gains for the 1 Percent of the 1 Percent

We’ll be posting a new chart on the current state of income inequality every day for the next couple of weeks. Yesterday’s chart looked at how the richest Americans bounced back from the Great Recession. Today’s chart: How the richest of the rich have enjoyed massive income gains for decades.

Since 1980, the average real income of the 1 percent has shot up more than 175 percent while the bottom 90 percent’s real income didn’t budge. But as this chart shows, the vast majority of gains have gone to the tippy-top—the 1 percent of the 1 percent.

rise of the megarich

Source: Emmanuel Saez and Thomas Piketty (Excel)

Illustrations and infographic design by Mattias Mackler?

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Truth #1: The chaos is the point.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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