The myth of stagnant incomes - The Washington Post

The myth of stagnant incomes - The Washington Post
"We aren’t stagnating, after all.
... the Congressional Budget Office, which reports periodically on the distribution and growth of the nation’s income. 

It recently found that most Americans had experienced clear-cut income gains since the early 1980s.

This conclusion is exceptionally important, because the CBO study is arguably the most comprehensive tabulation of Americans’ incomes.

...The poorest fifth of Americans (a fifth is known as a “quintile”) enjoyed a roughly 80 percent post-tax income increase since 1979. 

The richest quintile — those just below the top 1 percent — had a similar gain of nearly 80 percent. 

The middle three quintiles achieved less, about a 50 percent rise in post-tax incomes..."

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