Home > Economy > The haves and the have nots – Counting the Cost | Al Jazeera

The haves and the have nots – Counting the Cost | Al Jazeera

If you believe the protesters on Wall Street, there is a one to 99 per cent split between the ‘haves’ and the ‘have nots’.

The ‘Occupy Wall Street’ protestors chant is: “We are the 99 per cent”, as opposed to the one per cent of society who make the big money while everyone else just gets by.

The average American household still has an income somewhere between $30,000 and $80,000, which really has not improved since the Great Depression.

Yet, today there is a top one per cent of earners with an average salary of $380,000 a year.

The spread between the two is quite alarming. So just what has happened to the middle class in the US?

For more on this story, visit: The haves and the have nots – Counting the Cost – Al Jazeera English.

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