Average US Incomes Still Below 2000 Peak, Rich Get Richer

But the Dow…? But isn’t it a good thing? You mean wages have been stagnant? That’s unpossible!

Total income listed on tax returns grew every year after World War II, with a single one-year exception, until 2001, making the five-year period of lower average incomes and four years of lower total incomes a new experience for the majority of Americans born since 1945.

Wait for it:

The growth in total incomes was concentrated among those making more than $1 million. The number of such taxpayers grew by more than 26 percent, to 303,817 in 2005, from 239,685 in 2000.






One response to “Average US Incomes Still Below 2000 Peak, Rich Get Richer”

  1. JB Avatar

    Quite fascinating to watch it unfold, isn’t it?

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