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Why might we have seen such a large divergence in the median and mean incomes in the 2010 to 2013 period, with one increasing and
Why might we have seen such a large divergence in the median and mean incomes in the 2010 to 2013 period, with one increasing and the other decreasing? Figure 1 is a bar graph titled Change in median and mean family incomes, 2010-16 surveys. The 2 bars are median and mean and are shown for 2010-13 and 2013-16. The data is as follows: 2010-13: median: -5, mean: 4; 2013-16: median: 10, mean: 14 Click or tap a choice to answer the question. Inflation caused the working class to have less disposable income than high-income earners. While most people saw their income decrease, a small number of very high-income earners saw their income increase. Tax increases hit the wealthy harder during this time period than they did the middle class. Income inequality narrowed during this time period, with people in the middle of the income distribution doing better than people at the extremes
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