The Rich Cash Inwards One's Chips Poorer

The Rich Cash Inwards One's Chips Poorer

Here is a fact that y'all mightiness non accept heard from the Occupy Wall Street crowd: The incomes at the elevation of the income distribution accept fallen substantially over the by few years. 

According to the virtually recent IRS data, betwixt 2007 in addition to 2009, the 99th percentile income (AGI, non inflation-adjusted) fell from $410,096 to $343,927.  The 99.9th percentile income vicious from $2,155,365  to $1,432,890.  During the same period, median income fell from $32,879 to $32,396. 

These recent numbers illustrate the broader phenomenon, discussed inward this paper, that high-income households accept riskier-than-average incomes.
Sumber https://gregmankiw.blogspot.com/
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