This link has been bookmarked by 2 people . It was first bookmarked on 28 Aug 2008, by mezzo toscano.
-
05 Sep 08
-
Despite an economy that expanded by 18% since 2000, real income for the median family fell by 1.1% from 2000 to 2006.
-
But people at the top of the income distribution, the top 1%, tripled their income between 1989 and 2006, according to the Economic Policy Institute.
-
He argues that the recent changes in the tax system have exacerbated the trends in pre-tax inequality of income, something the Obama campaign has pledged to reverse.
-
As a result, the EPI calculates that 90% of the growth in the economy between 1989 and 2006 went to the top 10%.
-
The inequality of US incomes is such that the top 10% of households receive 40% of all household income, while the bottom 90% receive the remaining 60%.
-
-
28 Aug 08
-
US households have failed to benefit from the strong economic growth in the last six years of expansion.
-
Would you like to comment?
Join Diigo for a free account, or sign in if you are already a member.