Income gains in recovering U.S. economy bypass most Americans

02/18/2013 | CBS MoneyWatch

All the income gains from the U.S. economic recovery that began in 2009 have gone, on average, to the upper 1%, according to an analysis by economist Emmanuel Saez of the University of California, Berkeley. In fact, real incomes for the lower 99% are less than they were at the end of the recession. Saez says this pattern of upward income redistribution is expected to persist.

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