Annual income data has shown that there has been an inequality in America in terms of earnings since 1937. What this shows is that the average American is dealing with a stagnating income whereas top earners are skyrocketing with gains. The Social Security Administration’s data captured the information from individuals during 1937 to 2004.
What else does this data tell us?
Well, the postwar era boom offered a decline in earning inequality. From the study’s year one period: 1937, to the end of “the Great Compression”, 1953. Around 1980 is when the inequality difference began spreading out.