FED: median incomes drop for all but wealthiest

[xchrom]

http://hosted.ap.org/dynamic/stories/U/US_FED_INCOME_GAP?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-09-04-17-15-29


WASHINGTON (AP) -- The richest 10 percent of Americans were the only group whose median incomes rose in the past three years, the Federal Reserve said Thursday in a report on consumer finances.

The Fed said that incomes declined for every other group from 2010 to 2013, widening the gap between the richest Americans and everyone else.

The report found that median incomes, adjusted for inflation, for the top 10 percent rose 2 percent, to $223,200 from $217,900. Median income fell 4 percent for the bottom 20 percent, to $15,200 from $15,800.

For the middle 20 percent, incomes dropped 6 percent, to $48,700 from $51,800.

[Laelth]

1. k&r for the truth, however depressing it may be. n/t

-Laelth

[Katashi_itto]

2. K&R

[laundry_queen]

3. K&R I don't think anyone is shocked.

Disgusted and pissed off....yes. Shocked, no.