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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: American Spirit who wrote (303608)9/18/2006 8:16:44 PM
From: TimF  Read Replies (2) | Respond to of 1574879
 
Economic inequality more under Clinton than under Bush -

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The income share of the top quintile rose to 50.4% from 50.1% in 2001 while the bottom two quintiles lost 0.1% each and the third and fourth quintiles were unchanged (discrepancy due to rounding). And only the 0.1% change for the lowest quintile is statistically significant (i.e. non-zero) at conventional confidence levels.

Meanwhile, the Gini index has been bouncing up and down between .46 and .47 since 2000 after rising steadily throughout the Clinton years from .43 in 1992 (it was .42 in the mid-1980s).

In short, income equality took a big hit in the 1990s and has been essentially unchanged since Bush took office.

Oh, and the mean incomes of households in each quintile all rose in 2005, so any gains for the top quintile came at the expense of no one.

Message 22767344

Data from BEA.GOV