We all have heard that the rich get richer in the US and other parts of the world. But is it really true?. How high has the income inequality between the rich and poor grown in the US?.
According to a research paper titled “Striking it Richer: The Evolution of Top Incomes in the United States” by Emmanuel Saez from the Department of Economics, University of California, Berkeley the income of the top earners has increased dramatically since the 1980s as the chart (click to expand) shows below:
Source:Â “Striking it Richer: The Evolution of Top Incomes in the United States” by Emmanuel Saez
To read more on this fascinating paper, click here (pdf)