From the Associated Press in today's (Jan. 28) Arizona Republic:
What's new is the widening gap between the wealthiest and everyone else. Three decades ago, Americans' income tended to grow at roughly similar rates, no matter how much you made.
But since roughly 1980, income has grown most for the top earners. For the poorest 20 percent of families, it's dropped.
Incomes for the highest-earning 1 percent of Americans soared 31 percent from 2009 through 2012, after adjusting for inflation, according to data compiled by Emmanuel Saez, an economist at University of California - Berkeley.
For the rest of us, it inched up an average of 0.4 percent.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment