Tuesday, July 13, 2010

Income Gap Widens

Found on twitter:

The Center on Budget and Policy Priorities has a good post on data released by the Congressional Budget Office. Since 1979 the income of the country's top earning 1% increased 281% (95% for the top fifth), for the lowest fifth it went up 16%. See "Income Gaps Between Very Rich and Everyone Else More Than Tripled In Last Three Decades, New Data Show," by Arloc Sherman and Chad Stone (June 25, 2010) for details.

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