In our second post, we showed how income gains since 1979 at the very top have far outpaced those for everyone else. In this post, we’ll look at how the top 1 percent’s share of all income has changed over time.
In our first post in this series, we showed how after a period of shared prosperity in the early postwar decades, income disparities widened substantially beginning in the 1970s. In this post, we’ll look at how incomes at the top have compared to the rest since the late 1970s.
The economic fortunes of the wealthy and everyone else have diverged sharply in recent decades. It wasn’t always this way; from the end of World War II into the 1970s, income growth was shared equally among all segments of the population. But, as we’ll illustrate in three animated graphs, most of the income growth in recent decades has occurred at the very top. Here’s the first: