First of all, income inequality has kept growing since the 1960s. It has accelerated under Bush. A higher Gini coefficient means more inequality.
http://en.wikipedia.org/wiki/Gini_coefficient
http://www.census.gov/hhes/www/income/histinc/h04.html
Two, the poverty rate has climbed from 11.3% in 2000 to 12.3% in 2006. Previously, the poverty rate had gone down every year but the first under Clinton.
http://www.census.gov/hhes/www/poverty/histpov/hstpov2.html
Three, inflation adjusted median household income is still lower then it was in 2000. It went from $49,163 (down for four years to $47,323 ) to $48,201 in 2006.
http://www.census.gov/hhes/www/income/histinc/h06ar.html
The lowest one fifth saw their inflation adjusted income drop from $20,981 in 2000 to $20,035 in 2006. The top one fifth saw their inflation adjusted income rise from $170,026 to $174,012.
2007-11-13
08:23:51
·
15 answers
·
asked by
Anonymous