Pulled this from the comments section of one of Scott Sumner's blog posts. I always say how everything the media says about economics is horseshit, so I'll back it up some now. Here's a much better presentation of the data on income differences between classes. There are many more factors that should be included to get a more accurate view, but the article focuses on just three factors that the popular media avoids, which end up making the picture far different. Basically, income for the non-rich has been going up a lot over the last several decades.

http://www.minneapolisfed.org/public...y.cfm?id=4049&