Bernstein Notes Inequality Widening Apace

EPI's Jared Bernstein has an excellent analysis of the most recent CBO income distribution figures on TPM Cafe. Over those two years, the growth of inequality transferred $400 billion dollars from the bottom 95% to the top 5%. That is, had the income distribution remained as it was in 2003, the income of each of the 109 million households in the bottom 95% would have been $3,660 higher in 2005. His whole post is well worth a read.
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