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CBO Report: Rich Get Richer, Poor Get Poorer


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CBO Report: Rich Get Richer, Poor Get Poorer

Senator Bernie Sanders

BURLINGTON, Vt. - Total wealth in the United States doubled between 1989 and 2013, but the wealth of the American family right in the middle of the economy barely budged in that time, according to a new report prepared by the Congressional Budget Office for U.S. Sen. Bernie Sanders (I-Vt.).

“Over the period from 1989 through 2013, family wealth grew at significantly different rates for different segments of the U.S. population,” CBO wrote. “The distribution of wealth among the nation’s families was more unequal in 2013 than it had been in 1989.”

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