Thursday, August 22nd, 2019

When everything down is up


Study: America’s Rich Get Richer, Poor Get Poorer

The report by the Center on Budget and Policy Priorities and the Economic Policy Institute, both liberal-leaning think tanks, found the incomes of the poorest 20 percent of families nationally grew by an average of $2,660, or 19 percent, over the past 20 years.

The truth is, “rich get richer, poor get richer, too.”

Update! 1/29/06 I have more thoughts on relative income growth inequality vs. real income growth here (in response to a post taking me out of context).

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