We often hear about income inequality, the demise of the middle class, and other flippant commentary about the changing dynamics in US earnings, but rarely do you see it so well encapsulated as in this chart from the Wall Street Journal. Beyond the now common 99% arguments, this chart splits hairs further to show the incredible slope of the line from the bottom to the top of the income ladder. Plus it gives you the most recent 10-year window into inflation adjusted growth rates. In other words, it really is happening, dramatically so, and you should note that this chart does not even reflect capital gains. Those, of course, are very likely similarly skewed to the top end, if not more so, and would make this an even more compelling story.
I offer no social commentary here, just presenting data for your own consideration. Is this something that should concern you? Is it something the Government should be considering? Should the Government be acting on this data? I certainly have my own opinions, but would love for you to share your reaction. If you are not inclined to share, make it a topic for conversation.