Income Inequality: Difference between revisions
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[https://fivethirtyeight.com/features/economic-inequality-continued-to-rise-in-the-u-s-after-the-great-recession/ by Ben Casselman 4/9/14 FiveThirtyEight] | [https://fivethirtyeight.com/features/economic-inequality-continued-to-rise-in-the-u-s-after-the-great-recession/ by Ben Casselman 4/9/14 FiveThirtyEight] | ||
In the three years following the end of the Great Recession, the typical American family’s income declined 5 percent, its wealth fell 2 percent, it saved no more for retirement, and it was saddled with even more student debt. The only households to see income gains were the highest earners, and the gap between the wealthiest and the poorest widened. | In the three years following the end of the Great Recession, the typical American family’s income declined 5 percent, its wealth fell 2 percent, it saved no more for retirement, and it was saddled with even more student debt. The only households to see income gains were the highest earners, and the gap between the wealthiest and the poorest widened. | ||
=====The Rising Costs of U.S. Income Inequality===== | |||
[https://www.huffpost.com/entry/us-income-inequality-costs_b_6249904 by Laura Tyson 1/12/14 HUFFPOST] | |||
Underlying the country's soaring inequality is income stagnation for the majority of Americans. With an expanding share of the gains from economic growth flowing to a tiny fraction of high-income U.S. households, average family income for the bottom 90 percent has been flat since 1980. | |||
