Friday, January 27, 2006

When everything down is up

"Study: America's Rich Get Richer, Poor Get Poorer"
The report by the Center on Budget and Policy Priorities and the Economic Policy Institute, both liberal-leaning think tanks, found the incomes of the poorest 20 percent of families nationally grew by an average of $2,660, or 19 percent, over the past 20 years.
The truth is, "rich get richer, poor get richer, too."

Update! 1/29/06 I have more thoughts on relative income growth inequality vs. real income growth here (in response to a post taking me out of context).