The Center on Budget and Policy Priorities is reporting that the income of the top 1% of households in the United States has grown by $60,000 or 5.8%. For the bottom 90% of the population, income rose only by $430 dollars. Since 2002, the average income of for the top 1% of households has increased by 42% compared to just 4.7% for the bottom 90%. The income share of the wealthiest households is now at the highest point since 1928.
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- People Living in Poverty in Michigan Increases as Income Level Falls
