Wealthiest Americans Earn Biggest Income Share Since 1920s

The richest 1 percent of Americans last year earned their highest share of the nation’s household income in more than eight decades.

The last time that group took in more than 19 percent of overall earnings was in 1928, just one year before the stock market crash that helped trigger the Great Depression.

Meanwhile, the wealthiest 10 percent of Americans earned nearly half (more than 48 percent) of the nation’s household income in 2012, their highest share since 1917 when the …

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