The Disheartening State of American Incomes

The Disheartening State of American Incomes

Doug Short at Global Economic Intersection has a must-read post that pulls together some Census Report data on US incomes since 1967 and draws some conclusions. He looks first at real, rather than nominal, incomes, and shows how income in the top 5% and top quintile have grown faster than for the rest of the population:

And he includes an analysis that shows that people in all these cohorts are on average worse off than they were:

Read more at http://www.nakedcapitalism.com/2012/09/the-disheartening-state-of-american-incomes.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+NakedCapitalism+%28naked+capitalism%29#0wUUmGpLjFwPzptk.99