Income and wealth rising fastest for richest Americans
"US Incomes, Wealth Increased Most Among the Wealthy" - 24/7 Wall St. 5/9/2017.
Data from the Panel Study of Income Dynamics show median family income rose 2.9% in 2014, while it rose twice that much (5.8%) for households in the 95th percentile of income. PSID Director David Johnson says the longitudinal nature of PSID data can also gauge how long high earners remain near the top of the distribution, and whether wealth is passed down through generations.
Additional Media Coverage:
"Study of family incomes, spending shows rich getting richer" - University Record. 5/9/2017.