Income Gaps Hit Record Levels In 2006, New Data Show — Center on Budget and Policy Priorities

Income Gaps Hit Record Levels In 2006, New Data Show — Center on Budget and Policy Priorities: "Taken together with prior research, the new data suggest greater income concentration at the top than at any time since 1929. [2] The data precede the current recession, which is likely to reduce the income of the wealthiest Americans substantially, given the decline in the stock market, and thereby shrink somewhat the income gap between rich and poor households. But there was a similar development when the dot.com bubble burst a few years ago — income at the top of the income scale fell sharply — and it turned out to be just a speed bump. Incomes at the top more than made up the lost ground from 2004 to 2006.