newest set of poll results showing Clinton’s surprising levels of popularity among lower- and middle-class women, white moderate women, even black voters, was another story this week, based on a new set of data from the I.R.S.
It showed that America’s most wealthy earn an even greater share of the nation’s income than they did in 2000, at the peak of the tech boom. The wealthiest 1 percent of Americans, the Wall Street Journal reported, earned 21.2 percent of all income in 2005 (the latest date for which these data are available), up from the high of 20.8 percent they’d reached in the bull market of 2000. The bottom 50 percent of people earned 12.8 percent of all income, compared with 13 percent in 2000. And the median tax filer’s income fell 2 percent when adjusted for inflation (to about $31,000) between 2000 and 2005.
More and more people are being priced out of a middle class existence.
Sunday, October 21, 2007
Where's the Good Life Gone?
Hmmm. Here's Judith Warner at NYT: