The Rich Get Poorer

Here is a fact that y'all mightiness non convey heard from the Occupy Wall Street crowd: The incomes at the pinnacle of the income distribution convey fallen substantially over the by few years. 

According to the nearly recent IRS data, betwixt 2007 too 2009, the 99th percentile income (AGI, non inflation-adjusted) fell from $410,096 to $343,927.  The 99.9th percentile income savage from $2,155,365  to $1,432,890.  During the same period, median income fell from $32,879 to $32,396. 

These recent numbers illustrate the broader phenomenon, discussed inwards this paper, that high-income households convey riskier-than-average incomes.
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