Income Inequality and the Fed Report
28th September 2014
The Fed didn’t actually study how family income changed over time. Instead, they looked at one random sample of families in 2010, and a *different* random sample of families in 2013.
The confusion stems from how they gave the two groups the same name. Instead of “Oakland A’s,” they called them “Top 10 Percent”. But those are different families in the two groups.
Everything you need to know about the latest income inequality scare.