Sunday, October 07, 2012

Change in Incomes by Quintile








Look at this chart.   It's from here, investors.com.  Now, you cannot pin the cause on any one factor, but the reality displayed in the chart above certainly does put the lie to the idea that the middle class in this country saw any kind of a recovery in 2011. 

What does it mean? Briefly, in 2011 the 20% of households with the highest annual income were the only group of households to see their average income increase.  


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