State Still Recovering from Poor Economy

economyColorado’s overall income grew more than 6 percent between 2009 and 2012, but nearly half of that new money went to the wealthiest 1 percent of Coloradans. That’s according to the Colorado Center on Law and Policy. They say in 2012 the state’s top 1 percent took home nearly 27 times more than the bottom 99 percent. They attribute the numbers to new analysis published by the Economic Policy Institute. The information shows that Colorado had the 11th largest gap between the average income of the top 1 percent and the average income of the bottom 99 percent in 2012. The Center’s Executive Director, Claire Levy says the “study provides further confirmation that the state’s economic recovery has been lopsided at best.” Governor Hickenlooper touted the state as a model of economic recovery during his State-of-the-State Address earlier this month.

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