Can You Guess Who Is Having The Easiest Time In This Recession?

Of course, for some, the good times are right now: “According to a study from Northeastern University’s Center for Labor Studies, unemployment for those in the top income decile-individuals earning more than $150,000 a year-was 3% in the fourth quarter of 2009. That compares with unemployment of 31% for the bottom 10% of income, and unemployment of 9% for the middle decile. The differing rates of underemployment-including those working part-time for economic reasons-are also notable. Underemployment for the top 10% was 1.6%, while the bottom was 21%. In other words, the top 10% is experiencing what economists would consider full employment.”