Income inequality is a complicated thing.
Break income down in to quintiles. Think about your life. At some point or another, you have probably been in every quintile, haven’t you? When you were a kid, or when you were in college, you were in the bottom quintile. Maybe your first job pushed you up to the second quintile, then you got a few raises and made it to the middle quintile. You got married, bought a house, made some investments, now you’re in the 4th quintile. Later, you’re at the peak of your earning potential, maybe you open your own […]