Tag: income distribution
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The Middle Class is Disappearing … into the Upper Class.
The poor are getting poorer, and the rich are getting richer is a common meme these days. The middle class is sinking into poverty as the top 1% just gets wealthier. Is that true? Economist Mark Perry posted the graph below last week. It has been creating a buzz. (I included it in last Saturday's…
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Income Mobility in the U.S. from 1996 to 2005
Department of the Treasury: Income Mobility in the U.S. from 1996 to 2005 (Came across a link to this at Carpe Diem) Using three different measures of income mobility that track changes in the incomes of a large sample of individual taxpayers over time, this study presents new evidence on income mobility over the decade…