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Personal distribution of income--what is the trend?

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Visit the U.S. Census Bureau website at www.census.vov/hhes/income/midclass/index.html and select Data Highlights. Since 1969, how has the share of aggregate household income received by the lowest and highest income income quintiles (fifths) changes. Make a summary and sound conclusion.

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The solution answers the question(s) below. The expert examines personal distribution of income trends.

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Personal distribution of income--what is the trend?
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Between 1969 and 2001 the share of aggregate household income for the lowest income quintile (bottom 20%) has consistently shrunk as follows:

For Whites, the share has reduced to 3.7% in 2001 from 4.3% in 1969, thus representing a 14.0% reduction during this period.For Blacks, the share has reduced to 3.0% in 2001 from 3.9% in 1969, thus representing a 23.1% reduction during this period.For Hispanics, the share has reduced to 4.0% in 2001 from 5.3% in 1972 (the earliest year this data was available), thus ...

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