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          How the middle class became the underclass

          The average American's income has not changed much, while the richest 5% of Americans have seen their earnings surge. This chart includes capital gains.
          By Annalyn Censky, staff reporterFebruary 16, 2011: 4:30 PM ET 

          NEW YORK (CNNMoney) -- Are you better off than your parents?

          Probably not if you're in the middle class.

          Incomes for 90% of Americans have been stuck in neutral, and it's not just because of the Great Recession. Middle-class incomes have been stagnant for at least a generation, while the wealthiest tier has surged ahead at lighting speed.

          In 1988, the income of an average American taxpayer was $33,400, adjusted for inflation. Fast forward 20 years, and not much had changed: The average income was still just $33,000 in 2008, according to IRS data.

          Meanwhile, the richest 1% of Americans -- those making $380,000 or more -- have seen their incomes grow 33% over the last 20 years, leaving average Americans in the dust. 







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