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Income Inequality Is At The Highest Level In American History

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FW:  Sept. 9, 2016

Last year was a good one for everyone’s income. But it was a much better year for the richest of the rich.

According to a new analysis by economist Emmanuel Saez, Americans in the bottom 99 percent of the country’s income distribution saw their take home pay rise 3.9 percent in 2015 over 2014’s levels, adjusted for inflation, the best increase they’ve seen in 17 years. But the top 1 percent of the country far outpaced them: the wealthy’s income grew by 7.7 percent last year, reaching a new high.