Tuesday, October 25, 2011

Where do you fall on the US income distribution? CBO report

The Congressional Budget Office issued a report today,  Trends in the Distribution of Household Income Between 1979 and 2007.  Growth for the top 1% has been disproportionately high.
It includes the following interesting table, among many others:

"In this analysis, CBO presents data on income and taxes for various subgroups of the population, such as the lowest 20 percent or the top 1 percent. In constructing those
subgroups, households are ranked by income that is adjusted for household size. Each subgroup of the population contains an equal number of people, but because households vary in size, subgroups generally contain unequal numbers of households."

Update: the NY Times has an interactive gadget that allows you to click on an iconic percentile and see some data...http://www.nytimes.com/interactive/2011/10/30/nyregion/where-the-one-percent-fit-in-the-hierarchy-of-income.html

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