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06-12-2012, 02:58 AM #1
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Thanked: 50How Are You Doing? 40% Lighter Perhaps?
Family Net Worth Fell Almost 40% Between 2007-2010 - Real Time Economics - WSJ
Incomes dropped the most among middle-class families. The wealthiest 10%, by net worth, saw their median income fell 1.4% over the three years, while families in the second and third quartiles experienced a drop of 12.1% and 7.7%, respectively. The lowest quartile’s median income fell by 3.7%.
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Income inequality in the United States - Wikipedia, the free encyclopedia
A 2011 study by the CBO[16] found that the top earning 1 percent of households gained about 275% after federal taxes and income transfers over a period between 1979 and 2007, (although this number has decreased somewhat since 2007 as a result of the Great Recession [17]). From 1992 to 2007 the top 400 earners in the U.S. saw their income increase 392% and their average tax rate reduced by 37%.[18] The share of total income in America going to the lower earning 80 percent of American households (also after federal taxes and income transfers) has dropped to less than 1/2 in 2007. [19]