The Richest Americans Got Richer Last Year While The Rest Of Us Muddled Along

The Richest Americans Got Richer Last Year While The Rest Of Us Muddled Along

Average Americans haven’t seen much improvement in their income recently. But according to updated Census Bureau data released on Wednesday, the rich keep getting richer.

The income earned by Americans at the median was $53,700 in 2014, which represents the third consecutive year without any statistically significant increase, following two consecutive years of declines. Other research has found that the typical American worker hasn’t gotten a raise in a decade despite steadily increasing productivity.

CREDIT: Census Bureau

But the story is different when broken down by rich and poor. The richest 10 percent of Americans saw their income increase from $150,000 Read More

Read more here:: http://thinkprogress.org/economy/2015/09/16/3702101/census-income-inequality-2/

      

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.