by Braden Goyette
The nonpartisan Congressional Budget Office recently released a much-discussed studyshowing that over the past three decades the income of the highest-paid Americans has soared while the income of others has grown much more modestly. Here’s a rundown of some statistics illustrating the growing income gap.
But first, some context. These numbers reflect income, not wealth. So a retiree who owns two houses and three cars may be far better off than someone with a higher annual income, two kids in college and a mortgage. It's worth noting that income includes investment income and capital gains.
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The nonpartisan Congressional Budget Office recently released a much-discussed studyshowing that over the past three decades the income of the highest-paid Americans has soared while the income of others has grown much more modestly. Here’s a rundown of some statistics illustrating the growing income gap.
But first, some context. These numbers reflect income, not wealth. So a retiree who owns two houses and three cars may be far better off than someone with a higher annual income, two kids in college and a mortgage. It's worth noting that income includes investment income and capital gains.
Read More Here
