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Wednesday, December 9, 2020

The Daily Money: Pay for top 1% of workers soars 160% since 1979

Today's top stories from USA TODAY Money. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Wednesday, December 9

Happy Hump Day, Daily Money readers! Only 21 more days until the end of 2020, in case you are keeping count. Let's check out Wednesday's top Money and Tech headlines.

Yep, the rich are the getting richer, and they're doing it at a much faster pace. Earnings for the top 1% jumped 20%, while pay for the bottom 90% of workers climbed 8.7%, according to the Economic Policy Institute. Another key finding: average pay for the bottom 90% increased 26%. For the 1%, it surged by more than 160%. Must be nice.

With the end of the year approaching, it's a good time to give that 401(k) some love. These three steps will ensure you're making the most out of your savings.

Finally, it's no surprise the presidential election and coronavirus dominated the year. So, of course, they also topped Google's list of trending searches in the U.S. in 2020.

Scroll down for more headlines, and thanks for reading.

Brett Molina, Money/Tech editor

The wealth gap has widened, despite a long period economic success.
Pay for top 1% soars 160% since 1979, sixfold bottom 90%
The highest-paid workers in the country have seen their wages climb far more rapidly than the vast majority of Americans.
Here are 3 year-end 401(k) moves to make
Man holding up small white card with 401K on it in
Election, coronavirus, topped Google 2020 trending...
The Democratic presidential ticket that President
All-electric 2021 GMC Hummer sells out in 10 minutes
The GMC HUMMER EV arrived at GM's Milford Proving
Home Depot adds more decor to its inventory
The Las Cruces Home Depot lets in 150 people at a
Entrepreneurs, this is the time for new strategies
Tiny shopping cart with facemask on next to stack
$1,487: The avg mortgage payment, how to pay less.
Man and woman smiling holding their hands out with
Elon Musk moves himself, private foundation to Texas
Elon Musk, CEO of Tesla and SpaceX, is shown at So
Apple launching over-ear AirPods Max for $549
Apple's AirPods Max
Krispy Kreme offers dozen donuts deal Saturday
Krispy Kreme Doughnuts' Day of the Dozens is Dec.
 
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