The 1 percent recovery Chrystia Freeland Reuters.

The 1 percent recovery Chrystia Freeland Reuters.

In the 2010 recovery, 93 percent of the gains were captured by the top 1 percent. That’s because top incomes grew 11.6 percent in 2010, while the incomes of the 99 percent increased only 0.2 percent.
That gain is particularly painful because it comes after an 11.6 percent drop in income for the 99 percent, Saez reports, the largest such fall over a two-year period since the Great Depression.