Link: Average Income of Top 1% Rose 275% since 1979

According to a new Congressional Budget Office report released on Tuesday, since 1979 the average, after-tax income of the top one percent of American households has risen 275 percent. Meanwhile, for the poorest one-fifth of the country, it’s gone up just 18 percent. And for the biggest slice of “middle class” America — the three-fifths of homes between the top and bottom 20% — incomes have risen just 40%. Read more.

(Source: theatlantic)