The Difference Between Rich and Really Rich: Ritholtz Chart

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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We've written about the rich and the 0.01 percent.

It's worth pointing out again, however, how much the disparity between rich and poor, as well as the disparity between the rich and the really rich, has widened over the past few decades.

As the chart above shows, the gap between the bottom 90 percent and the top 1 percent has expanded since 1980. But that gap is nothing compared with the difference in income between the top 0.01 percent -- naturally shown in money green -- and everyone else.

The average real income of the top 1 percent has increased more than 175 percent as the bottom 90 percent merely treads water. During the same period, the top earners -- the 1 percent of the 1 percent - have gained about 500 percent.

This column does not necessarily reflect the opinion of Bloomberg View's editorial board or Bloomberg LP, its owners and investors.

To contact the author on this story:
Barry L Ritholtz at britholtz3@bloomberg.net