Tag Archives: Income

Income: Inequality And Rising Wealth

Income Inequality

Rich Get Richer – Poor Get Poorer

Is this true?  If you read the news you’ll think that it is – but is it really the case?

The problem with the studies that look at this topic is that they measure groups of people over time and not individuals through a life cycle of earning.  For example, we would all agree that as a young man just leaving college I would earn a salary that might be the lowest I’ll ever see in my life.  Then, as I age, gain experience and win promotions that salary would grow peaking when I am near 55 or so.  After that I may slow down, retire even seeing my “income” plummet as I rely on a pension, savings or social security.

Nothing at all controversial.

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