Rich-Poor Gap Widens to Most Since 1967 as Income Falls

Bloomberg – The U.S. Census Bureau figures released yesterday underscored the struggles of American families in a sputtering economic recovery. The report also showed the income gapbetween rich and poor people grew to the widest in more than 40 years in 2011 as the poverty rate remained at almost a two-decade high.

“Weirdly, I think you’re going to see both sides take these numbers and suggest it’s evidence why ‘I should be elected,’” said Steve Jarding, a lecturer at Harvard University’s Kennedy School of Government and a former Democratic political consultant.

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