Shockingly — shockingly — what they found is that while only 49 percent of the decline in incomes during the recession was born by the top 1 percent (whose income share fell to 18.1 percent due to the recession), 95 percent of income gains since the recovery started have gone to them. This is a big change from past recessions and recoveries. Only 65 percent of the expansion under George W. Bush, and 45 percent of that under Bill Clinton, went to the top 1 percent. The rich bore a greater share of the 2001 recession's damage than of the Great Recession's, and the differential between the amount lost in the recession and gained in the recovery was much smaller last decade.
"Overall, these results suggest that the Great Recession has only depressed top income shares temporarily and will not undo any of the dramatic increase in top income shares that has taken place since the 1970s," Piketty and Saez conclude. "Indeed, the top decile income share in 2012 is equal to 50.4%, the highest ever since 1917 when the series start."
It's important to note that the Piketty and Saez data focuses on money income before-tax/transfer income, and so doesn't take into account non-income compensation (like pensions, health benefits, etc.) or the effects of tax and transfer programs. But it's still a pretty bleak picture. You can't eat your vision plan, after all.