Growing Income Inequality: The Rich Getting Richer, Quicker


by Anthony Sibley (AJ) on Sep 13, 2013 | Views: 60 | Score: 0
19702007
1st (Bottom) Quintile75
2nd Quintile129
Middle Quintile1614
Fourth Quintile2219
81-99%3436
Top 1%817
Share of Household Income After Taxes/Transfers
Percentage of Total American Income
Sources: cbo.gov
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Anthony Sibley (AJ)
Anthony Sibley (AJ) on Sep 13, 2013 11:15 AM said:

While, as a whole, the top quintile of households’ share-of-income has increased by about 10%, the share of total-market-income received by the top 1% of the population has more than doubled in the last 30 years, from around 8% to over 17%. The remaining quintiles, the lower 80% of American households-by-income, all saw decreases of 2-3% during the same period.