Skip to content

After adjusting for inflation, the average income of the…

“After adjusting for inflation, the average income of the top 5% of households grew by 38% from 1989 to 2013. By comparison, the average real income of the other 95% of households grew less than 10%.” quote by Janet Yellen
Download Open image
“After adjusting for inflation, the average income of the top 5% of households grew by 38% from 1989 to 2013. By comparison, the average real income of the other 95% of households grew less than 10%.”

Janet Yellen

About This Quote

This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.

Top 5% households saw income grow far faster than the rest, widening inequality.

In simple terms: Rich grew 38%, others <10% since 1989.

Key Takeaway

Address income disparity through policy.

Themes

inequality income growth economic policy wealth gap

Mood

concerned analytical

Type

economic policy

When to use this quote

  • tax reform
  • minimum wage
  • education funding
  • wealth taxes

Key Concepts

progressive taxation social mobility labor market wealth distribution

Questions to Reflect On

  • What policies could reduce the gap?
  • How to ensure growth benefits all?
A Different Perspective

Policy changes may face political opposition.

★ ★ ★ ★ ★ No ratings yet

More by Janet Yellen

Explore all 148 Janet Yellen quotes

More Adjusting quotes

Browse all 170 Adjusting quotes