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This document presents details on the wealth and income distributions in the United States, and explains how we use these two distributions as power indicators. Some of the information may come as a surprise to many people. In fact, I know it will be a surprise and then some, because of a recent study (Norton & Ariely, 2010) showing that most Americans (high income or low income, female or male, young or old, Republican or Democrat) have no idea just how concentrated the wealth distribution actually is. More on that a bit later.

Via Sociological Images (by way of the Economic Mobility Project) is an interesting chart showing downward class mobility among blacks and whites. Each bar represents the percentage of children who end up in the bottom fifth of income earners by race and income of the parent:

It has become clear that in a era of Republicans focused on defending tax breaks for millionaires while cutting government assistance for everyone else, the middle class - and its influence in society - is shrinking. But we haven't just lost our political clout.  It turns out that we're no longer that influential in multiple spheres, including marketing.  At some point as more of the nations wealth became consolidated within the top percentage of the upper class, the consumer industry turned to them as the only people to woo.  And as the income gap grows, that's only going to continue.

Not since at least 1960 has the US standard of living fallen so fast for so long. The average American has $1,315 less in annual disposable income now than at the onset of the Great Recession.

As intense protests spawned by Occupy Wall Street continue to grow, it is worth asking: Why now? The answer is not obvious. After all, severe income and wealth inequality have long plagued the United States. In fact, it could reasonably be claimed that this form of inequality is part of the design of the American founding -- indeed, an integral part of it.

We feel instinctively that societies with huge income gaps are somehow going wrong. Richard Wilkinson charts the hard data on economic inequality, and shows what gets worse when rich and poor are too far apart: real effects on health, lifespan, even such basic values as trust.

What Are The Major Pros And Cons Related With The 90 Day Payday Loans? In spite of having good monthly income, there are some unexpected and urgent financial situations that leave one penniless. In...

To upgrade our thinking patterns is a beginning step to an upgrade in human consciousness, and is necessary if we are to succeed in adapting to our rapidly and inevitably changing world. In other words, if we don't enact a change, or learn to adapt to the incoming energies of change and transformation, our presence is likely to be no longer required, or needed. It is a sobering thought.

A community-based intervention in Indonesia by SHAU architecture uses 2000 ice-cream buckets to create a micro-library for the lower-income populace to empower literacy. Find out more here!

Scholars gathered at Columbia University to focus on the elite in American society and their relationship to the non-elite.