Income inequality is increasing, and so are the studies about it. Income is a reflection of society’s systems. Since about 1974, income inequality has accelerated as changes in regulations and restrictions encouraged concentrations of income for some and stagnation or decreases for others. The debates are becoming more serious and engaging more people, but the systems are largely unchanged, so the increase in income inequality is unchanged.
“The U.S. Census Bureau publishes two measures of income inequality each year. According to the most recent report, the top 5% of households received 21.8% of “equivalence-adjusted” aggregate income in 2014, while the bottom 60% received just 27.1%. (Equivalence-adjusted estimates factor in different household sizes and compositions.)” – Pew Research
The top 1% now make 21.2% of the nation’s income. The bottom 90% make barely more than half, 50.2%. If money is power, then the bottom 90% are about to represent less than half the power.
(Click on the chart for the link.)