Thursday, February 10, 2011

Income growth now more lop-sided

It used to be that the bulk of income growth in America went to the bottom 90% of families. That’s no longer so. Over the seven-year period between 2000 and 2007, average income of the bottom 90% of households actually declined, while the richest 10% accounted for a full 100% of average income growth.

The new interactive St;ate of Working America Website, lets users look at any two years between 1917 and 2008 to see how much the top 10%, versus the bottom 90%, contributed to growth in income.

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