Industrial Insight

We all have gotten richer for the past decades…. | July 8, 2011

Wednesday, July 06, 2011

Challenging the Middle Class Stagnation Myth: From 1979-2007 The Rich Got Richer and Poor Got Richer

By taking into account previously unmeasured shifts in household size and the tax units in them, taxes paid, transfer payments received, and the increasing importance of fringe benefits, the researchers find that the growth in after-tax household income has been substantial not only for the middle class, but for all income groups over the last 30 years.


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