S. Census Bureau indicate according to a December 1997 data that in the last twenty years "incomes of the richest fifth increased by 30% or nearly $27,000 after adjusting for inflation." The average income of these people was $117,500 and that is 13 times the bottom one-fifth's income of $9,250. but, are these people still the rich of the country. Not at all, and the best that can be said id that these people are middle income. The real rich and super rich are not included n the data collected by the U.S. Census Bureau. The reports by the Bureau provide the figures about the rich, and they did not interview anybody who had incomes higher than $300,000 in a year. Even if by some chance, a person with a higher income was interviewed, the person was not recorded as being above the upper reportable limit as it was not allowed by the computer program being used by the bureau. (the Super Rich Are Out of Sight)
As late as 1994, the reportable limit has been increased to $1 million in a year, but still that does not include the super rich. Thus the super rich are not a part of the data that one gets, as they are removed by the computer, and the reason for this procedure is that the bureau says the computers are not able to handle bigger figures, but that is not likely as the increase to $1 million was handled without any problems. Thus if the figures are to be raised again, one is sure that the computer could handle the job without a problem. Other officials gave the reason for this secrecy as being confidentiality, and the increase in the income figures might identify people with a really high income. Apart from this, the people with a really high income generally declare their incomes at levels 40 to 50% below the real figure. But in hiding the real income figures of the real rich, the result is that many people who are making as little as $70,000 a year are being included in the top fifth.
When the income figure climbs to $100,000 then the individual becomes a part of the top 4%. Well can their behavior be compared to the real rich like Mellon, Morgan or Murdock? The differences in income are of the level of 61,000 to 1 for Michael Eisner the CEO of Disney and a poor guy who earns $9,250. Both of them ideally belong to the top one fifth and bottom one fifth. It is also clear that the more one earns, the more the person saves and this has been noted by the economist Paul Krugman. According to him the top fifth have become richer than the others below them and the top twentieth have become richer than the next three fifth. This logic keeps going on and the top 0.25% has probably more wealth today than the rest of the people - 99.75%. (the Super Rich Are Out of Sight) it is thus really difficult to say whether we really know much about them.
Now let us look at the real poor and we shall find some of them in New Haven - in the tent city near the Yale University. One of the residents there, Charlene Johnson is...
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