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Tue Mar 29, 2016, 01:32 PM

Aggregate Income Breakdown: A Damning Indictment Of Growing Inequality Since 1967

There's been much research on growing inequality over the years. This US Census chart bears it out...


It breaks down national aggregate income by quintile and the top 5%. The highlight here is that the income share of the bottom quintile peaked in 1974 and has decreased 28% by 2014... while the income of the top 5% went up 32% during that same period.

But it's more important to look at when changes happened.

The bottom quintile first dropped below 4% in 1985

The second quintile first dropped below 10% in 1983 then below 9% in 1994

The third quintile first dropped below 17% in 1977, below 16% in 1989, below 15% in 1999

The fourth quintile first dropped below 24% in 1993

Needless to say the gains went to the top quintile which started out at 43.6% in 1967 and rose to 51.2% by 2014.

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