According to newly released information from the Congressional Budget Office, the middle class continues to be squeezed as the wealthy accumulate a larger share of annual income.
The government report, ordered by Congress, notes that the top 1% of earners realize 17% of nationwide after-tax income. This is an increase from 8% in 1979. Additionally, the top 5% of earners now realize 53% of nationwide after-tax income. That means that 5% of earners generate more income than the lower 95% combined.
Lets hope we all can make it into the top 5% of earners some day …
Source: feeds.networkingphoenix.com