New Data Shows Sharp Spike in US Income Inequality

The CBO report, “Trends in the Distribution of Household Income Between 1979 and 2007″, found that

After-tax income for the highest-income households grew more than it did for any other group. (After-tax income is income after federal taxes have been deducted and government transfers—which are payments to people through such programs as Social Click to Read More

Why you’re not making more money than a decade ago: Diary of a Recession Baby – MarketWatch

More on stagnating wages and the widening income gap in America.

The story is often told that college graduates have done well and everyone else has not. But that’s not true,” said Josh Bivens, an economist at EPI.

For high school graduates, median inflation-adjusted wages were $626 per week in 2009, compared with Click to Read More