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

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The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   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 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 Election, coronavirus, topped Google 2020 trending... All-electric 2021 GMC Hummer sells out in 10 minutes Home Depot adds more decor to its inventory Entrepreneurs, this is the time for new strategies $1,487: The avg mortgage payment, how to pay less. Elon Musk moves himself, private foundation to Texas Apple launching over-ear AirPods Max for $549 Krispy Kreme offers dozen donuts deal Saturday   FOLLOW US Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2020 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102