The Difference Between Rich and MegaRich

You've probably heard that the rich get richer.

Recently, there was much attention paid to the 1%.  Perhaps, the 1% of the 1% is even more interesting.

Here is a chart that shows how much the disparity between the rich and the really rich has widened over the past few decades.

 

Source: Mother Jones via Barry Ritholtz.

 

The average real income of the top 1 percent has increased more than 175 percent as the bottom 90 percent merely treads water.

Meanwhile, during the same period, the top earners -- the 1 percent of the 1 percent – have gained about 500 percent.