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

Marketing Responses to US’s Shrinking Middle Class & Growing Inequality,

A recent Wall Street Journal article on how US corporations are adjusting to a shrinking middle class, Ellen Byron writes:

In the wake of the worst recession in 50 years, there’s little doubt that the American middle class—the 40% of households with annual incomes between $50,000 and $140,000 a year—is in distress. Even before Click to Read More