Money Flow

A study of wealth and poverty

The rich get richer and the poor get poorer. That unpleasant maxim seems to sum up the message of The Reagan Record, a 400-page study released last week by the Urban Institute, a respected nonpartisan think tank in Washington.

According to the report, the President's policies have resulted in a $25 billion income transfer to the wealthiest one-fifth of the nation from those less well off.

Since 1980 the disposable income of the poorest one-fifth of all American families declined by 7.6% after inflation, to $6,391. The income of the wealthiest one-fifth rose by 8.7%, to $40,880. Middle-class...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!