Janice Schakowsky said "Well, what it says is that from 1979, at that end, to 2005, this is the growth in income over certain income categories. And you can see way down at the end there is a little bracket--even if you can't, you get the idea. There is a little sign down there that says that the bottom 20 percent of Americans over that period, almost 30 years, their income increased $200. Let's go to the other end. The top 0.1 percent of Americans, their average income increased, actually increased, over $6 million. Their average income right now is $27 million. Get this: The bottom 90 percent of Americans--I was even shocked by this number--the average income is under $32,000 a year. Top 0.1 percent, $27 million; 90 percent of the rest of Americans, less than $32,000. This is not good for our economy and it is not good for our democracy." @ PoliticalQuotes.com

On the recordApril 6, 2011

Well, what it says is that from 1979, at that end, to 2005, this is the growth in income over certain income categories. And you can see way down at the end there is a little bracket--even if you can't, you get the idea. There is a little sign down there that says that the bottom 20 percent of Americans over that period, almost 30 years, their income increased $200. Let's go to the other end. The top 0.1 percent of Americans, their average income increased, actually increased, over $6 million. Their average income right now is $27 million. Get this: The bottom 90 percent of Americans--I was even shocked by this number--the average income is under $32,000 a year. Top 0.1 percent, $27 million; 90 percent of the rest of Americans, less than $32,000. This is not good for our economy and it is not good for our democracy.

Said by

Janice Schakowsky

Democratic · Illinois

Source

govinfo.gov

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