I created these graphs show the change in the share of GDP going to the top 10% as compared to the bottom 90% since 1929. I have two versions: one with capital gains and one without.
{Click on each graph to take a closer look}
You can see the sudden drop in the share going to the top 10% (the effect of WWII). Later the slow decline in the share going to the bottom 90% during the 70s, 80s, and 90s.
In 2004 you had to make around $95,000 to make the top 10%.
Data from the IRS found on Emmanuel Saez’s web site
Popularity: 5% [?]
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Thanks for all the graphs in all your posts. I love graphs. :]
I have a suggestion, and being an outsider I don’t know how easy or hard it is to implement. My suggestion is to have light gray vertical bars representing recessions.
This is my first post here, and I don’t see a preview button, so I am going to post an example link in two different formats. Sorry for the confusion. In the future I’ll know which format works here. :]
First format
Second format: http://research.stlouisfed.org/fred2/series/DTB3?&cid=22
Taking a look at my link with the gray recession bars it becomes clear that recessions “cause” (cough) short term interest rates to plummet. (Naturally the Fed does this in response to recessions.)
How come the numbers do not add to 100 percent?
Great charts, thanks for putting them up. A quick question, is this population or households? If its households, do the changing number of workers per houshold affect the graph in any meaningful way?
The numbers are tax units, from the IRS personal income returns, Corporate returns are not included.
Look at the preceeding post for changes in workers per houshold and tax units.
Thanks for the graphs!
The relationship between income and access to resources seems to have become more complicated. At one end are the services restricted to some of those in the lowest quartile. While the value of day care and job training might not alter the chart, subsidized medical care and housing are significant. At the other end are lifestyle business people, dollar-a-year CEOs, and university professors, who have access to resources well beyond their personal or household incomes.
K