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    11
    Jan
    2012
    2:03pm, EST

    More see class conflict between rich and poor

    Mark Boster/Reuters

    One key issue for the Occupy movement has been the rift between the nation's wealthiest residents and the remaining 99 percent.

    By Allison Linn, NBC News

    More Americans are seeing a significant rift between rich and poor people, with most people saying there is a strong or very strong conflict between those who are wealthy and those who are not.

    A survey released Wednesday by Pew Social & Demographic Trends finds that 66 percent of Americans see strong or very strong conflicts between rich and poor people. That’s a 19 percentage point increase over 2009.

    Another 23 percent said there was conflict, but it wasn’t very strong.

    Only 7 percent of respondents said there is no conflict between wealthy and struggling Americans, according to the survey of more than 2,000 Americans conducted in mid-December.

    The strife between rich and poor people is now seen as a bigger issue than other social conflicts, including conflict between immigrants and native-born Americans and tension between black and white Americans, according to the Pew study.

    Despite the perception that there is a growing conflict, the Pew report said they did not find clear support for things like government measures to address income inequality.

    In addition, people’s perceptions of how the rich get rich have not changed much in recent years.

    Pew Social & Demographic Trends

    More than 4 in 10 respondents said they think people are wealthy because they were born into wealthy families or know the right people. But a nearly equal percentage said they think they earned their money through hard work, ambition or education.

    “While the survey results show a significant shift in public perceptions of class conflict in American life, they do not necessarily signal an increase in grievances toward the wealthy,” the report said.

    There’s no question the gap between rich and poor has been a particularly hot topic in recent years.

    As millions of Americans have struggled with high unemployment and other lingering effects of the recession, the nation’s median household income has actually fallen slightly.

    Meanwhile, the wealth gap between the richest Americans and the rest of the country widened during the recession, which officially ended in 2009.

    The Occupy Wall Street movement has been perhaps the most visible sign of people’s frustrations over the gap between rich and poor, prompting national attention and similar protests throughout the country.

    Some have focused their attention on the tax system.

    In August, Warren Buffett generated a huge national debate when he asked lawmakers to tax the rich more, chastising what he called the “billionaire-friendly Congress” for coddling him and his wealthy friends.

    Many elected officials are wealthy themselves. The New York Times noted last month that nearly half of all members of Congress are millionaires, and many Congress members have actually gotten richer in the past six years.

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    The Republican presidential candidates’ wealth also has been a sensitive issue over the course of their primary campaign.

    Mitt Romney, one of the wealthiest presidential candidates in years, has been criticized for being out of touch after gaffes such as jokingly offering fellow candidate Rick Perry a $10,000 bet.

    Meanwhile, Romney has taken shots at his rivals’ wealth, last month insinuating that Newt Gingrich was out of touch because he’s “a very wealthy man.”

    Related:

    The rich got richer and, well, you know the rest

    Downturn takes heaviest toll on younger Americans

     

    1592 comments

    I knew that this would be a Pew survey just from reading the title of the article. Survey's are not news, they are a statisic. The value of which can vary greatly. Those from Pew are towards the end of low value. I'm so sick of every "survey" or "study" being passed off as news by lazy reporters.

    Show more
    Explore related topics: economy, wealth, featured, pew, allison-linn, occupy-wall-street
  • 20
    Oct
    2011
    12:55pm, EDT

    When it comes to income, what percent are you?

    Justin Lane / EPA

    People representing Occupy Wall Street and other groups hold a march on the Upper East Side of Manhattan to protest policies that they say favor the very rich.

    By Allison Linn, NBC News

    The Occupy Wall Street movement has prompted a lot of talk lately about the 99 percent, the 53 percent and, of course, the wealthiest 1 percent of the population.

    It may have gotten you wondering, when it comes to income, what percent am I?

    A cool new tool from The Wall Street Journal asks you to enter your household income and then spits out your rank by wealth.

    The tool defines household income as adjusted gross income plus other sources of money, such as Social Security benefits.

    If you’re curious and feeling a little wonky, the IRS has tons more data on adjusted gross income, based on tax return filings. You can find it all here.

     

    158 comments

    Uh. . . looking at some of the photos and reading some of the stuff posted on the linked website (We are the 99%), it's not all that difficult to figure out why a lot of these people aren't making $100,000 per year. Money isn't everything, but it IS something. When you make decisions that affect you …

    Show more
    Explore related topics: economy, featured, occupy-wall-street
  • 10
    Oct
    2011
    2:33pm, EDT

    New ice cream flavor: Fat Cat Fudge Ripple?

    By Al Olson, Senior editor

    The #OccupyWallStreet protestors picked up a cool supporter on Monday: Ben & Jerry’s have made an official statement in support of the ever-growing movement.

    On the company’s website, Woody, the Ben & Jerry cow mascot, is holding a sign reading “Occupy.”

    From the statement, signed by the company’s board of directors:

    “We, the Ben & Jerry’s Board of Directors, compelled by our personal convictions and our Company’s mission and values, wish to express our deepest admiration to all of you who have initiated the nonviolent Occupy Wall Street Movement and to those around the country who have joined in solidarity. The issues raised are of fundamental importance to all of us.”

    The site then goes on to list a handful of the issues (inequality, unemployment, corporate lobbying, etc).

    It then goes on to say:

    “We know the media will either ignore you or frame the issue as to who may be getting pepper sprayed rather than addressing the despair and hardships borne by so many, or accurately conveying what this movement is about. All this goes on while corporate profits continue to soar and millionaires whine about paying a bit more in taxes. And we have not even mentioned the environment.”

    One thing to note: Ben & Jerry’s is owned by British-Dutch conglomerate Unilever, a publicly traded company.

    Our question: What name would you give to the Ben & Jerry’s #OccupyWallStreet flavor? Tell us in the comments below.

    Ben and Jerry's, the Vermont ice cream maker known for their activism, announced today its backing Occupy Wall Street protestors.

    244 comments

    Good job Ben & Jerry's ! The movement is growing larger and larger everyday. Keep shouting, your voices will be heard.

    Show more
    Explore related topics: featured, ben-and-jerrys, occupy-wall-street

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Allison Linn, NBC News

Allison Linn is the lead writer for TODAY Money's Life Inc. She also writes about the economy, consumer issues, personal finance, employment and workplace issues for NBCNews.com. Linn joined NBCNews.com from The Associated Press, where she mainly covered Microsoft. Previously, she worked at newspapers in Colorado, Washington and Oregon. She also spent nearly two years as a reporter in Germany.

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