If you’re looking for stats on the growing gap between the 99 percent and the 1 percent, the Congressional Budget Office is a good place to start. The staid bipartisan number-crunching agency is the source of some of Mother Jones‘ ever-popular (and poster-izable!) income inequality charts. Now the CBO has a new report full of data whose takeaway, Kevin Drum notes, is pretty simple: “The rich are getting richer, the rest of us are just kind of drifting along.”
Here are a couple charts that illustrate the trend. First off, a look at how wealth has been steadily redistributed upward over the past 30 years (hover over a column to see more data):
Hover over a column to see more data.
The richest Americans have seen a nearly 120 percent increase in their income since the late ’70s. Meanwhile, the middle quintile of earners have seen their incomes grow 30 percent (hover over a column to see more data):
Hover over a column to see more data.
Want more charts like these? See our charts on the secrets of the jobless recovery, the richest 1 percent of Americans, and how the superwealthy beat the IRS.
