Transcription of The U.S. Income Distribution: Trends and Issues
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The U.S. Income Distribution: Trends and Issues
The Income Distribution: Trends and Issues Updated January 13, 2021 Congressional Research Service R44705 The Income Distribution: Trends and Issues Congressional Research Service Summary Income inequality that is, the extent to which individuals or households incomes differ has increased in the United States since the 1970s. rising Income inequality over this time period is driven largely by relatively rapid Income growth at the top of the Income distribution. For example, in 1975, the average Income of households in the top fifth of Income distribution was times as large as average household Income in the bottom fifth of the distribution; in 2019, average top incomes were times as large as those at the bottom.
Jan 13, 2021 · Rising income inequality over this time period is driven largely by relatively rapid income growth at the top of the income distribution. For ... Technological progress, wage-setting institutions, globalization, and social norms around compensation have altered labor productivity, workers’ bargaining power, and pay dynamics ...
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