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CBO: Income Inequality Jumps
source: Congressional Budget Office

source: Congressional Budget Office

The richest one percent of Americans nearly tripled their incomes between 1979 and 2007, according to a new government report released this week. The income inequality in the country also expanded greatly during that period, according to a study by the Congressional Budget Office.

Source: Congressional Budget Office

Source: Congressional Budget Office

“Another big finding from the CBO report is that public policy has actually become less effective at curbing inequality over time,” notes the Washington Post.

Source: Congressional Budget Office

Source: Congressional Budget Office

On Point has done numerous shows on income inequality, including coverage of the Occupy Wall Street protests, poverty in the United States, the lives of the super rich, global instability and income distribution. We’ve also looked at the plight of the middle class, the generation hurt by the recession, Warren Buffett’s solution, and a new push to find foreign buyers for U.S. homes.

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