Family Incomes Rose in 2014 – Good News for the 99%!

achievement-18134_1280According to new research by UC Berkeley Professor Emmanuel Saez, U.S. family incomes rose by just over 3% in 2014 – the first substantial gain in 15 years.

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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