Almighty Dollar

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Rich Still Get Richer, But, Improbably, Maybe Even More Than You Thought For those who can still be shocked at these things: From the Congressional Budget Office, yet more astounding figures and accompanying charts showing the exploding income inequality in this country. The short version: “For the 1 percent of the population with the highest income, average real after-tax household income grew by 275 percent between 1979 and 2007,” while it grew by just 18 percent for the bottom 20 percent of the income scale.

Rich Still Get Richer, But, Improbably, Maybe Even More Than You Thought

For those who can still be shocked at these things: From the Congressional Budget Office, yet more astounding figures and accompanying charts showing the exploding income inequality in this country. The short version: “For the 1 percent of the population with the highest income, average real after-tax household income grew by 275 percent between 1979 and 2007,” while it grew by just 18 percent for the bottom 20 percent of the income scale.

Filed under econmy economics rich the1% the99% Congressional Budget Office income inequality politics graphic banker pigs