Saez & Piketty Income Inequality Update: Top 1% Have Received 121% of Income Gains Since 2009

Just under a year ago, I posted this: “Saez’ 2010 Inequality Update: Incomes of 1% Grew 11.6%, Incomes of 99% “Grew” 0.2%.” We’re now learning that, arguably, the world’s top income inequality expert, UC Berkeley economics professor Emmanuel Saez, has updated his work with Thomas Piketty on the evolution of U.S. income inequality through 2011, the first two years of our so-called “economic recovery.”