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The 99% Gets First Raise in 15 Years

GOOD NEWS

Though the rich got a bigger one.

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Murad Sezer / Reuters

For the first time in 15 years, there has been meaningful increase in the incomes of 99 percent of Americans. In 2014, average income per family saw a 4.8 percent boost, after inflation, thanks to the unemployment rate falling, according to a new study by University of California Berkeley Professor Emmanuel Saez. The rich also got richer: seeing an income jump of 10.8 percent last year. Due to this, income inequality has continued to rise.

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