U.S. income inequality, on rise for decades, is now highest since 1928

President Obama took on a topic yesterday that most Americans don’t like to talk about much: inequality. There are a lot of ways to measure economic inequality (and we’ll be discussing more on Fact Tank), but one basic approach is to look at how much income flows to groups at different steps on the economic ladder. Emmanuel Saez, an economics professor at UC-Berkeley, has been doing just that for years. And according to his research, U.S. income inequality has been increasing steadily since the 1970s, and now has reached levels not seen since 1928.
Read more: http://www.pewresearch.org/fact-tank/2013/12/05/u-s-income-inequality-on-rise-for-decades-is-now-highest-since-1928/?source=Snapzu