Welcome back to my weekly blog... serving you up some of the most interesting, riveting social class news out there! This week we will be focusing on the Upper Class, or as they have become popularly known after last year's Occupy Wall Street, the 1%.
This article shows how recently the top 1% have been becoming richer as a result of the middle class depleting. It gives the usual incomes of 1%-ers and how they compare to the working classes. The article explains how even for the Upper Class, their homes which they were once able to fall back on as an asset are in jeopardy due to the Great Recession. In response to the 1% getting richer by the year, last year's protests of Occupy Wall Street based their anger around the 1% predominantly controlling the wealth in America. "The average wealth of the top 1% of Americans fell 15.6% between 2007 and 2010, while the median net worth of the average American household dropped 47.1% during the same period." The upper class' depiction of being worry-free has not exactly been upheld since the Great Recession has taken a toll of their status and redefined the social classes as a whole.
I leave you with this week's
comic relief..
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