That’s because the unemployment rate fell substantially last year, Saez said. More than 2.95 million jobs were created, and the jobless rate fell to 5.6%.
But though the 99% saw their incomes rise, the Top 1% did even better. They saw their income jump 10.8% last year, and they captured 58% of the income growth for the year, said Saez, whose findings are based on his analysis of tax returns.
Find out more at CNN Money.
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