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Summary | 4 Annotations
Income inequality is higher than in other rich countries
2017/01/11 11:35
Most of the rise in inequality happened over a decade ago (see chart 1). Polls usually suggest that Americans care less about inequality than they do about economic opportunity.
2017/01/11 11:35
A recent paper by Raj Chetty of Stanford University and colleagues documents the “fading American dream”. In 1970 more than nine in ten 30-year-olds earned more, in inflation-adjusted terms, than their parents did at the same age
2017/01/11 11:36
By 2013 median household income before taxes was 1.6% lower than it was in 1999.
2017/01/11 11:37