WASHINGTON (AP) — A Federal Reserve report says the richest 10 per cent of Americans were the only group whose median incomes rose in the past three years.
The Fed's report says incomes declined for every other group from 2010 to 2013, widening the gap between the richest Americans and everyone else.
The report, which adjusted for inflation, finds that median income for the top 10 per cent rose 2 per cent, to $223,200 from $217,900. Median income fell 4 per cent for the bottom 20 per cent, to $15,200 from $15,800.
For the middle 20 per cent, incomes dropped 6 per cent, to $48,700 from $51,800.
The information was contained in the Fed's latest "Survey of Consumer Finances."
The Fed's report says incomes declined for every other group from 2010 to 2013, widening the gap between the richest Americans and everyone else.
The report, which adjusted for inflation, finds that median income for the top 10 per cent rose 2 per cent, to $223,200 from $217,900. Median income fell 4 per cent for the bottom 20 per cent, to $15,200 from $15,800.
For the middle 20 per cent, incomes dropped 6 per cent, to $48,700 from $51,800.
The information was contained in the Fed's latest "Survey of Consumer Finances."