INCOME DISTRIBUTION Two Worlds, Moving Apart

Notes INCOME DISTRIBUTION Two Worlds, Moving Apart

The seven-year U.S. economic boom has produced great rewards, but they have not been distributed equitably. In a report issued last week, the Census Bureau found that the gap between rich and poor is widening. On the basis of a survey of 58,000 households, the bureau estimated that the poorest one-fifth of U.S. families received 4.6% of total income -- the lowest percentage since 1954. By contrast, the wealthiest one-fifth of families accounted for 44% of the income -- the highest share ever recorded.

The number of American families living below the poverty line, currently an annual income of $12,091 for...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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