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October 26, 2011

Congressional Budget Office Report on Household Income

This CBO report finds that house income grew much more for the top households than any other group. The study shows that the top 1 percent of housholds saw its after-tax income grow by 275 percent over the last 30 years. By contrast, the bottom 60 percent saw their ernings increase 40 percent, while the poor in the bottom 20 percent saw only an 18 percent jump. It paints of unbioased portrait on income inequality that is relevant and disturbing and shows why the “Occupy Wall Street” movement has picked up steam.

http://cbo.gov/doc.cfm?index=12485

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