Charts: How the One Percent Doubled Their Income

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If you’re looking for stats on the growing gap between the 99 percent and the 1 percent, the Congressional Budget Office is a good place to start. The staid bipartisan number-crunching agency is the source of some of Mother Jones‘ ever-popular (and poster-izable!) income inequality charts. Now the CBO has a new report full of data whose takeaway, Kevin Drum notes, is pretty simple: “The rich are getting richer, the rest of us are just kind of drifting along.”

Here are a couple charts that illustrate the trend. First off, a look at how wealth has been steadily redistributed upward over the past 30 years (hover over a column to see more data):

Hover over a column to see more data.

The richest Americans have seen a nearly 120 percent increase in their income since the late ’70s. Meanwhile, the middle quintile of earners have seen their incomes grow 30 percent (hover over a column to see more data):

 Hover over a column to see more data.

Want more charts like these? See our charts on the secrets of the jobless recovery, the richest 1 percent of Americans, and how the superwealthy beat the IRS.

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FACT:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn't fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2020 demands.

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