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The rich get richer:
Median incomes fell for all but the
richest Americans in 2010-2013, Fed says

Washington Times, by Jennifer Pompi

Original Article

Posted By:LittleHoodedMonk, 9/4/2014 8:50:10 PM

Under President Obama, the richest 10 percent were the only income group of Americans to see their median incomes rise, according to a survey released this week by the Federal Reserve. The Fed data covered the years 2010-2013, during which period Mr. Obama constantly campaigned against income inequality and won re-election by painting his Republican rival as a tool of Wall Street plutocrats. “Data from the 2013 [Survey of Consumer Finances] confirm that the shares of income and wealth held by affluent families are at modern historically high levels,” the report said in noting that the median income fell

Comments:
As one who lives on a fixed income, it doesn´t matter what others make, but rather what can be bought at store(s) after monthly bills paid. Wealth becomes non-existent to survival.

      


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Reply 1 - Posted by: Nimby, 9/4/2014 8:56:29 PM     (No. 9994069)

This administration while taking $$$$ from Wall Street, cries foul and screws the main street. Whats new?

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Reply 2 - Posted by: Rama41, 9/4/2014 9:10:44 PM     (No. 9994083)

So, the Fed prints $85 billion per month to keep interest rates low, an administration goal. Most ends up in the stock market. Guess who owns most of the stocks?

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Reply 3 - Posted by: KTWO, 9/4/2014 9:30:04 PM     (No. 9994100)

But the rich kids don´t get free, nutritious school lunches.

It all balances out.

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Reply 4 - Posted by: Dante, 9/4/2014 9:32:14 PM     (No. 9994102)

It´s the markets as well as the wealthy buying favorable treatment in this corrupt regime. Notice that DC, which produces nothing of value, has seen a wealth boom while other cities are stagnating.

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Reply 5 - Posted by: woofwoofwoof, 9/4/2014 9:46:18 PM     (No. 9994114)

If it´s like the previous five years and I´m sure it is, then even this is misleading, everybody is losing right up to 99%, the 1% are just gaining pennies, and all the real gain is in the top 0.01%.

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Reply 6 - Posted by: balogreene, 9/4/2014 9:48:36 PM     (No. 9994117)

My mom and my sister with whom I live, both collect social security (retired). They say they are on a fixed income. But, I will tell you, I haven´t had a raise for 2,5 years, I think we are all on a fixed income.But, groceries, gas, taxes, etc. are not.

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Reply 7 - Posted by: droopydog, 9/4/2014 9:51:44 PM     (No. 9994120)

Occupy this, morons

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Reply 8 - Posted by: fishermanswife, 9/4/2014 10:13:35 PM     (No. 9994143)

How many of them pay off the politicians with salaries far beyond pay in Congress the minute they lose an election.

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Reply 9 - Posted by: deepthinker, 9/4/2014 10:14:20 PM     (No. 9994144)

And just where are the "richest" located?
Areas surrounding WASHINGTON DC are now the wealthiest in the nation. Funny how that works.

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Reply 10 - Posted by: Axeman, 9/4/2014 10:57:54 PM     (No. 9994188)

Worst case is when the rich are getting poorer. Their money just disappears when that happens. Nobody else gets to spend it.

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Reply 11 - Posted by: ColonialAmerican1623, 9/4/2014 11:25:38 PM     (No. 9994215)

How can the wealthy maintain status quo when Zippy keeps tapping them for mo money (and taxes)?

If the rich get richer and the poorest keep getting more by having kids, that means the formerly middle class are supporting both ends and losing ground.

The elderly on SS don´t stand a chance with inflation.

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Reply 12 - Posted by: jdwill, 9/5/2014 1:20:43 AM     (No. 9994270)

Fed: Under Obama, only the richest 10 percent saw incomes rise

By Jennifer Pompi - The Washington Times - Thursday, September 4, 2014

The complete fallacy of "the rich getting richer, poor getting poorer", bandied about by many media outlets, is alarmingly inaccurate! Because, such "media" outlets do seem to play to the "low-information" Citizen/voter, thereby flooding the minds of such "voter Citizens" with complete tripe, falsehood, lies, and untruths"! Think, good Citizens, where do all the jobs come from? Employers, companies obeying the laws of our country, large and small! These companies were started by American Citizens, according to the laws of our country, to MAKE A PROFIT! Why else start a business??? They work hard, these entrepreneurs, like Bill Gates, and so many others, rising early at 0600, working hard until late in the evening, 2300-2400 or later, so they can keep ahead of their competition!!! Their aim is to make a MILLION! Some do, and some don´t ! And, they give employment to MILLIONS OF OTHERWISE UNEMPLOYED AMERICAN CITIZENS, thus keeping our American economy BOOMING, and successful! The search for suitable profits for their very hard, difficult, and, many times, heartbreaking efforts, is the goal -- just like your wife´s desire for the latest model Chevy or Ford, to enhance her status in her community! Yes, such entrepreneurs sometimes do get rich, and sometimes very rich, but that is the result of their hard, hard, work,careful planning, and OBEYING THE LAWS OF OUR COUNTRY! The "poor", the lazy ones, those who can´t get out of bed to find a job, or even to collect their "free money", food stamps, that the Democrat Party offers to those too lazy to work, hoping that such "lazies" and "indolents" will be persuaded to vote for the Democrat ticket!

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Reply 13 - Posted by: jdwill, 9/5/2014 1:25:34 AM     (No. 9994272)

Cont -
That´s where the anomaly lies -- in the tricky media spins, which go on and on about "the rich getting rich and the poor gettig poorer"!! Shame on the media and their liberal/commie supporters who put out such tripe and drivel! Dear Citizens, believe not what you read, nor even what you see, as Photoshop is everywhere! Everyone, and anyone can become a millionaire, a RICH ONE, in our beautiful America! Do it, good Citizens, and quite complaining! The skies the limit,, but you have to get up in the morning, good Friends!


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Reply 14 - Posted by: radrelic, 9/5/2014 1:51:03 PM     (No. 9995062)

Equality of oppression of the poor?

Both parties importing Mexicans and other Central American "slave" labor so they are changing America Mexican territory--no middle class and the very rich and the very poor.

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Reply 15 - Posted by: jglas, 9/5/2014 4:19:34 PM     (No. 9995218)

It´s got to be Bush´s fault.

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