New study undercuts Obama’s income inequality argument | AEIdeas

Now for data collection reasons, only the years 1989-2007 are included, but that’s enough to show that inequality was falling, not rising, over those two decades and business cycles. Mean income rose 32.2% for the bottom quintile, 20.2% for the middle quintile, and 9.3% for the top 5%.

via New study undercuts Obama’s income inequality argument | AEIdeas.

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