WASHINGTON (AP) - A government study finds that the richest 1
percent of Americans have been getting far richer over the last three decades.
At the same time, the middle class and poor have seen their after-tax household income only crawl up in comparison.
The study comes from the Congressional Budget Office and is based on IRS and Census Bureau data.
It finds that after-tax income for the top 1 percent of U.S. households almost tripled, up 275 percent, from 1979 to 2007. For people in the middle of the economic scale, after-tax income grew by just 40 percent.
Those in the bottom 20 percent - the poor - experienced an 18 percent increase.
The Occupy Wall Street movement protests the gap between the haves and have-nots. Demonstrators call themselves "the 99 percent."