Incomes of bottom 90 percent grew $59 in 40 years

cec7mf Incomes of bottom 90 percent grew $59 in 40 years

Pulitzer Prize-winner David Cay Johnston has highlighted yet more statistics that illuminate the spike in income inequality in the U.S. in recent decades. Flagging Johnston’s analysis, HuffPo noted Monday, “Incomes for the bottom 90 percent of Americans only grew by $59 on average between 1966 and 2011 (when you adjust those incomes for inflation)… During the same period, the average income for the top 10 percent of Americans rose by $116,071.”Johnston offered a visual analogy for the disparity in a column for Tax Analysts last month:Continue Reading…

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Incomes of bottom 90 percent grew $59 in 40 years


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