The Benefits of Economic Expansions Are Increasingly Going to the Richest Americans
The bottom 90 percent used to take home a majority of the income gains from a growing economy. Not anymore. Income gains going to top 1% in 1954-7: 5% 1975-9: 25% 2009-12: 95% Income distribution has completely flipped from going to pretty much everybody to now going to only... #incomes #inequality