Tuesday, August 07, 2007

Who gets the biggest slice of pie

The Economic Policy Institute reports that the top 1% earned 21.8 % of the total national income in 2005, which is up 3.6 percentage points since 2001. The lower 90 % of households experienced a 4.2 % decline in incomes over the same period .
The increased inequality caused the bottom 90 percent of households to lose $2,071 in income on average while the top one percent of households gained an average of $183,902.

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