Fight Back! News

News and Views from the People's Struggle

income inequality

By Masao Suzuki

Growing economic inequality means only the rich are getting richer

San José, CA – On Tuesday, Sept. 16, the Census Bureau released their annual report on income and poverty for 2013. The report showed that the typical household had a small gain in their income for the first time since 2007. The median household income, at $51,939 was still below that of 1996, when adjusted for inflation. It is still down 8% from 2007 and 8.7% less than its peak in 1999.

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By Fight Back! Editors

Tired of living paycheck to paycheck, not able to put aside any savings for a rainy day or the future? Or worse, not having a full-time job for years, struggling through unemployment, part-time, and/or temporary jobs and having to rely on family, community or government help to get by? At the same time, the news is filled with stories of how the stock market is at record highs and about billionaires’ cash is buying elections?

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