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Income inequality: Analysis by LAEDC's Kyser Center

By February 28, 2014 No Comments

Economic growth has not translated to shared prosperity

The recession may be long over, but the recovery has yet to reach every corner of the economy. In 2012, the U.S. median household income (adjusted for inflation) was slightly less than it was in the late 1980s and 9% below its peak in 1999. 

Since the 1980’s, only the highest quintile of the population and the top 5% have seen their share of income increase, while the share of income going to everyone else has declined.

Read the analysis here