Study shows no increase in US real incomes or economic welfare since 1979 - except for the rich. Middle class income increased at a rate barely distinguishable from zero. In contrast, the income of the top 1% grew at an astronomical rate of between 3.4% and 3.9% per annum during the 32-year period.

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Study shows no increase in US real incomes or economic welfare since 1979 - except for the rich. Middle class income increased at a rate barely distinguishable from zero. In contrast, the income of the top 1% grew at an astronomical rate of between 3.4% and 3.9% per annum during the 32-year period.