Correlations

Income Inequality Study: Upper Middle Class Stagnates


Incomes worldwide have risen significantly over the last 20 years. The gains, however, have been unequally distributed, according to a forthcoming World Bank research paper by economists Branko Milanović and Christoph Lakner. While the world’s highest and lowest earners made significant strides in pay, the upper middle class watched its income stagnate.

Glassman is a writer and data journalist for Bloomberg Businessweek in New York.

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