"The chart above shows the shares of aggregate income earned by the top 5% and top 20% of US households (by income) annually from 1993 to 2014. These data also run somewhat counter to another frequent narrative that all of the income and wealth gains have been going to America’s most well-off. According to these Census data, the shares of aggregate income going to the highest earning 5% and 20% of US households have been remarkably stable at about 22% and 50% respectively for more than two decades.
Wednesday, January 18, 2017
The shares of aggregate income going to the highest earning 5% and 20% of U.S. households have been stable for two decades
From Mark Perry.