Saez: 95% of 2009-2012 Income Gains Went to the Top 1%

Emmanuel Saez (UC-Berkeley, Department of Economics), Striking it Richer: The Evolution of Top Incomes in the United States (Updated with 2012 Preliminary Estimates) (Sept. 3, 2013):

From 2009 to 2012, average real income per family grew modestly by 6.0% (Table 1). Most of the gains happened in the last year when average incomes grew by 4.6% from 2011 to 2012. However, the gains were very uneven. Top 1% incomes grew by 31.4% while bottom 99% incomes grew only by 0.4% from 2009 to 2012. Hence, the top 1% captured 95% of the income gains in the first three years of the recovery.

New York Times, The Rich Get Richer Through the Recovery, by Annie Lowrey:

• The American Prospect, How The Richest Americans Are Doing Better Than Ever, In Two Charts
• The Atlantic, Last Year Was the 4th-Best Year Ever for the Top 1 Percent
• The Atlantic, The Richest 10% of American Families Got Half of All Income Last Year
• BBC, US Income Inequality at Record High
• CBS News, Income Gains for 1% Break Records
• CNN, The Rich Got a Lot Richer Since the Financial Crisis
• Mother Jones, The Rich Are Now Richer Than Ever
• MSNBC, The Rich Got Richer. The 99%? Not So Much
• National Review, Why 2012 Appears to Have Been a Bonanza Year for High Earners
• New York Times op-ed, Can the Government Actually Do Anything About Inequality?, by Thomas B, Edsall
• New York Times op-ed, Good Times at the Top, by Paul Krugman
• Slate, 95 Percent of Recovery Income Gains Have Gone to the Top 1 Percent
• Time, The 1% Took an Even Bigger Slice of the Pie in 2012
• USA Today, Top 1% Take Biggest Income Slice on Record
• Wall Street Journal, Some 95% of 2009-2012 Income Gains Went to Wealthiest 1%
• Washington Post, How the 1 Percent Won the Recovery, in One Table
• The Week, How the Rich Won the Great Recession