Gaius Publius: Rising Inequality: Economic Recovery Driven Almost Entirely by the Rich

I’m going to call this a news item and let you draw the obvious conclusions.

First, the money quote, then the article that contains it. The quote:

In 2012, the top 5 percent of earners were responsible for 38 percent of domestic consumption, up from 28 percent in 1995, the researchers found.

Even more striking, the current recovery has been driven almost entirely by the upper crust, according to Mr. Fazzari and Mr. Cynamon. Since 2009, the year the recession ended, inflation-adjusted spending by this top echelon has risen 17 percent, compared with just 1 percent among the bottom 95 percent.