The gap between the rich and the poor is big and getting bigger in America.
“The distribution of market income became more unequal almost continuously between 1979 and 2007,” according to the report from the Congressional Budget Office.
Here’s how the numbers break down over that time span:
- Income for the top 1% grew 275%
- Income for the 60% in the middle class grew 40%
- Income for the poorest 20% grew by 18%
Source: The Daily Ticker