Will Richardson

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January 4, 2002 By Will Richardson

Just another indicator of how the rich and poor are getting farther and farther apart. America the Polarized

Adjusting for inflation, the income of families in the middle of the U.S. income distribution rose from $41,400 in 1979 to $45,100 in 1997, a 9 percent increase. Meanwhile the income of families in the top 1 percent rose from $420,200 to $1.016 million, a 140 percent increase. Or to put it another way, the income of families in the top 1 percent was 10 times that of typical families in 1979, and 23 times and rising in 1997.

Scary.

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