Growth of US Family Income, 1947-2007

by

 

Between 1947 and 1979 income for all income quintiles increased in fairly tight formation–the rising tide lifting all boats. However, starting in 1980 things began shifting dramatically. The top 1% of earners saw their income rise 261% while everyone else barely increased at all. Even the 19% below the top 1%, wealthy people by most measures, only gained 31% during those 27 years. For more recent data, see our data on 2011 income percentiles.

Advertisements

Tags: ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: