Tuesday, August 14, 2012

Those Poor Super Rich People

Feel Like You Haven't Done All That Well Economically - Then You are in the Middle Class

From the New York Times, posted without comment

Over a longer term, though, the affluent have done extremely well. Since 1980, a household at the cutoff for the top 1/1,000th of earners — making about $1.5 million in 2010 — has received a pay increase of more than 100 percent, after adjusting for inflation. A household in the middle of the income distribution has received an inflation-adjusted raise of only 11 percent.

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