factual

Rising US inequality is a top-1% story, not top-20%

Rising inequality in the United States is concentrated in the top 1%, top 0.1%, and top 0.001%—where growth runs 3-5% per year—rather than a story of the top quintile pulling away; the bottom 88% of the population saw income grow less than the 1.4% average annual rate.

factualpending

Speaker

Gabriel Zucman

Evidence Quote

for the bottom 88 percentiles, or for 88% of the population, income has grown less than 1.4% per year. So, only for the top 12% that income has grown at above 1.4%

Source

Gabriel Zucman on Inequality, Growth, and Distributional National AccountsEconTalk
Created: 6/13/2026, 12:26:44 AM

My Notes

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