Jay Hancock's blog: Income share for top 1 percent hits postwar high - Business news: Stock markets, banks and economic observations with columnist Jay Hancock

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October 15, 2007

Income share for top 1 percent hits postwar high

1 percent of American households took home more than 20 percent of the country's income in 2005. Quite extraordinary. Graph courtesy of Brad DeLong courtesy of Google Docs.

More info here: http://www.irs.gov/pub/irs-soi/05inalcr.pdf

Posted by Jay Hancock at 10:19 AM | Permalink | Comments (0)

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About Jay Hancock

Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.

Follow @jayhancock1 on Twitter