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Gap between rich and middle class larger than ever

Gap between rich and middle class larger than ever 23 Dec 2010 The gap between the rich and the middle class is larger than it has ever been due to the bursting of the housing bubble. The richest 1% of U.S. households had a net worth 225 times greater than that of the average American household in 2009, according to analysis conducted by the Economic Policy Institute, a liberal think tank. That's up from the previous record of 190 times greater, which was set in 2004.

Comments

The term 'middle class' is a misnomer. There is only the working class and the ruling, capitalist class, and nothing in between.