The rich got richer, the poor got poorer.
A recent article by Labor Department senior economist Aaron Cobet highlights the sharp disparity between the wealthiest and poorest Americans in the aftermath of the 2007-2009 recession.
“While average income has returned to pre-recession levels, income gains have been distributed unevenly,” Mr. Cobet said.
The economist mined Labor Department data to show that the top 20% of earners accounted for more than 80% of the rise in household income from 2008-2012. Income fell for the bottom 20%.
Saturday, April 19, 2014
The rich got richer
In what is beginning to sound like a "Dog Bites Man" story from the WSJ: