Bernstein Notes Inequality Widening Apace
by Craig Jennings, 12/17/2007
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.