This first graph shows the relative increase in the incomes (inflation adjusted) of the top 1% of income earning households, the middle 60% and the lowest 20% (percentages, presumably, approximate) since 1979.
This second graph shows a more detailed picture of the relative increase in the incomes (inflation adjusted) of households in the 95th , 80th, 60th, 40th, and 20th percentile since 1949. Note how household incomes were rising at about the same rate prior to 1970, at which point those households in the 95th percentile started out growing other percentiles, those in the 20th stayed stagnant, and those in between were somewhere in between.
I borrowed these graphs from Lane Kenworthy, who also offers a truly excellent and detailed explanation of the measures.
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Comments 17
Sociological Images » Happy graduation! — May 14, 2008
[...] Might this be related to the shrinking middle class? [...]
Sociological Images » SOCIAL CLASS AND THE TAX BURDEN — April 19, 2009
[...] more great illustrations of income inequality in the U.S., see here, here, and here; for a comparison of income inequality in the U.S. and elsewhere, [...]
Anonymous — February 8, 2010
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More Men and Fewer Women Earning Poverty Wages, 1979-2007 » Sociological Images « Firesaw — May 22, 2010
[...] 22, 2010 · Leave a Comment more evidence of the shrinking of the middle class; solid working class jobs that will allow you to buy a modest home are disappearing. via [...]
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