Back in the 1980s, the decade that saw researchers start detailing America’s increasing concentration of income and wealth, flacks for the emerging Reagan economic order disdainfully dismissed the significance of the alarming new data. The United States isn’t getting more unequal, the Reaganites pronounced, and the middle class isn’t shrinking.
Congressional Budget Office Report Reveals The Rich Are Once Again Outpacing Everyone Else
The Congressional Budget Office has just released the latest iteration of its U.S. household income distribution series, and this new research rates as the nonpartisan agency’s most comprehensive yet.