Recovery Benefitting the Wealthy

http://www.washingtonpost.com/business/economy/as-economy-recovers-the-richest-get-richer-study-shows/2013/04/23/fc2146ee-ab81-11e2-b6fd-ba6f5f26d70e_story.html

The majority of individuals are aware that the American economy is making a slow recovery from the 2008 recession but most do not know that the recovery has been mainly for the wealthiest 7 percent in the country. In the first two years of the recovery, we have seen the net worth of the wealthiest 7 percent increase by 28 percent, while the rest of the country's net worth declined. The top 7 percent also own 63 percent of the nation's household wealth. This difference in recovery is due to the fact that the most affluent people in the country have their assets in stocks, while the rest of the country's assets are in their homes. Stocks have greatly recovered since the recession, while home prices have remained around the same. President Obama has said he will work to reduce this income inequality, although the few policies that have been passed have not done much to reduce the gap.