Tag: Federal Reserve Bank of Minneapolis

Is Income Inequality Really the Problem? It Depends on What You Call Income

May 7, 2014

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by

mwkruse

in Economics, Poverty, Trends: Economic, Wealth and Income, Weatlh and Income Distribution

Are the rich getting richer and the poor getting poorer? Stories about inequality typically talk about how the rich, especially the top 1%, are seeing their incomes grow rapidly while people at the bottom are seeing their incomes stagnate and drop. A gap is widening between the top and the bottom. Is that true? The…