Economic trends since 2009 show A Rise in Wealth for the Wealthy; Declines for the Lower 93%

During the first two years of the nation's economic recovery, the mean net worth of households in the upper 7% of the wealth distribution rose by an estimated 28%, while the mean net worth of households in the lower 93% dropped by 4%, according to a Pew Research Center analysis of newly released Census Bureau data.

From 2009 to 2011, the mean wealth of the 8 million households in the more affluent group rose to an estimated $3,173,895 from an estimated $2,476,244, while the mean wealth of the 111 million households in the less affluent group fell to an estimated $133,817 from an estimated $139,896.

Uneven Household Recovery

What Happened?

Some seriously misguided souls blame free market capitalism for this event.

For details, please see Is Capitalism Killing Our Morals and Economy?

I blame the Fed, fractional reserve lending, political corruption, unions, and the Military Industrial Complex that president Eisenhower warned us about in a Speech in 1961.

In short, the problems we face are not the result of free market capitalism, but rather the results of Fed sponsored corporate and military fascism.