I find the trending cumulative percentage a little confusing to think about.
I also wondered, does this mean there is some income bracket losing people? That is, no more families making 25-75k but still as many making <25k, so the <25k have fewer slightly-above peers?
Then I wondered if maybe this means something about the <25k potentially having less income? That percentage stays flat, but those other earners are changing classification to rich... I don't really know.
After writing this up I realize that what I'd like to see is the whole income distribution. This cherry-picks certain points on the CDF and plots them over time (the income cutoffs of 25k and 75k).
What's interesting to me is whether or not we've gone from a unimodal income distribution to a bimodal one, in the sense that there's a trough between the lowest income families and the highest. If we have a 'middle class' we avoid that, and probably that is socially important.
I think this graph is better for understanding the main article, which plots the Gini coefficient for income distribution over time by country [a few, anyway]
http://en.wikipedia.org/wiki/File:Gini_since_WWII.svg http://en.wikipedia.org/wiki/Gini_coefficient
- Is this data taking into number of working adults ($/house-hold)?
- What about the rising costs of living (like eating healthy)? [is this normalized based on any consumer metric of just inflation?]
See also:
http://en.wikipedia.org/wiki/Lies,_damned_lies,_and_statisti...