04/28/10

Permalink The American dream is simple: work hard and move up. As the country emerges from recession, the reality looks ever more complicated

Between 1947 and 1973, the typical American family’s income grew 200% in real terms. Between 1973 and 2007, it grew by only 22%. In mid-2008 the typical family’s income was lower than in 2000 while the richest 10% earned half of all income, surpassing their previously highest share in 1928.

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