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.
Thursday, February 10, 2011
Income growth now more lop-sided
Posted by Robert A. Senser at 12:33 PM
Labels: Economic Policy Institute, inequalities
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment