Income for the top 1 percent soars, and more

Incomes for the top 1 percent soared 275 percent in inflation-adjusted dollars between 1979 and 2007.

Income for the top 1 percent soars

The income of the middle class rose 40 percent in inflation-adjusted dollars between 1979 and 2007, according to a new Congressional Budget Office report. For the poor, the income increase was 18 percent during the same period. For the top 1 percent, incomes soared 275 percent.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More