Rich Got Richer in 80's; Others Held Even
The wealth of affluent people grew substantially in the 1980's while the assets of other Americans barely kept pace with inflation, the Census Bureau reported today. The Government and private economists have been reporting for several years that the nation's income distribution was becoming more unequal, with a bigger gap between people of high and low incomes. Today's report was one of the first systematic examinations of wealth, reflecting not just one year's income but the lifetime accumulation of property and other assets.