Decoupling in the U.S.

Working on a longer post/essay over the next day or two [post is here], but I did want to put up a couple of charts I came across in my travels.

The first is from Econbrowser, and shows the share of national income going to the top o.5% and o.1% (or, the very top slices of the top 1%).

Pretax income shares (including realized capital gains) accruing to top 0.5% of households (dark blue line) and to top 0.1% (dark red line). Source: M. Chinn at Econbrowser, using updated version of Piketty and Saez (2007).

The second is from the CBPP, and shows the numbers of US citizens in poverty, as well as the numbers enrolled in SNAP (the replacement for food stamps). I was surprised to see the increase in poverty going back that far, but probably should not have been.

14.5% of Americans are now on food stamps, a record high, which in the weird non-logic of the House means that it must be cut (in the new language of Washington I suppose we should say “strengthened”) because of “unsustainable growth.”

More later.

This entry was posted in Decoupling, Inequality, Public finance. Bookmark the permalink.

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