The Rise of the Incomes: Rich Vs Poor

The Rise of the Incomes: Rich Vs Poor

The Economist published this great chart showing how household income has risen over the past 40 plus years:

economist chart income

Some interesting points from the Economist:

  • From the richest to the poorest, inflation-adjusted incomes were lower in 2010 than they were a decade ago
  • Stagnation in income is a relatively new phenomenon for the rich, but not for the rest. (notice a much larger increase for the 90th percentile)
  • Current incomes are at roughly the level of the late 1970s for those near the bottom of the income spectrum
  • From a real income perspective, the American economy has already experienced a lost decade, but for the median household the picture is one of a generation of stagnation.

 

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