President Obama has been loud and clear about his fight against income inequality, but he admitted that the rich have fared far better than the poor during his time in the White House.
In an interview that aired Sunday on ABC’s “This Week with George Stephanopoulos,” the show host cited a recent study from the University of California, Berkeley, that found 95% of income gains from 2009 to 2012 went to the top 1% of the earning population.
The president agreed with Stephanopoulos.
“The folks in the middle and at the bottom haven’t seen wage or income growth, not just over the last three, four years, but over the last 15 years,” the president said.
In fact, other data also show that America’s median household income has dropped by more than $4,000 since 2000, after adjusting for inflation.
