259.9 percent — the share of Florida’s income growth pocketed by wealthiest FL households

[Panich52]

Stat of the day: 259.9 percent — the share of Florida’s income growth that was pocketed by the wealthiest households in the Sunshine State between 2009 and 2012, according to the Institute for Southern Studies.

From @BillMoyersHQ

http://billmoyers.us8.list-manage2.com/track/click?u=1d6affa204bd5a2af07918fe1&id=c6e8879c09&e=897250dfe0

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[Proud Public Servant]

1. Good politics, squirrelly math

A "share" of something cannot be more than 100%, by definition. I even went and looked at the study, and I still don't know what they mean.

[Man from Pickens]

3. It means the economy was sharply two-tiered

Big gains for the very top and losses for everyone else. Should be a familiar pattern by now, that's what the entire "recovery" looks like.

[Proud Public Servant]

4. I agree that that's the pattern

It's just that a "share" of 259% makes no sense, statistically.

[Man from Pickens]

5. sure it does

100% would be all of the gains. They got MORE than that - more than 2.5 times the total sum gain for everyone went to that tiny group. Which means that other 150%+ needed to come from everyone else, who would thus have a net negative performance for the period covered.

One of my key questions to any claim of economic recovery is: what happens when you take out the best-off 1%? That question seems to turn every good number into a horrible one as is demonstrated in this case.

[blkmusclmachine]

2. Savvy.