Saturday, September 27, 2014

The US Economy in one graph

The Great Recession (2007-10)caused big decreases in income for all income groups the greatest being the top 10%.  The recovery has increased primarily  the income of the top 10%; the bottom 50% actual continued to decrease. The next 40% has a very small increase.

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Chart from Federal Reserve System and is quoted in:  http://finance.yahoo.com/news/macys-ceo-offers-ominous-insight-172459132.html