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Americans Watched Their Incomes Shrink, Except For the Highest-Earners
It's the latest sign of income inequality in the country
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Americans are earning less than they did in 2013, with one notable exception: the rich.
Average incomes before taxes fell for a second year in the year ended July 2014, down 0.9 percent, while expenditures were up 1 percent on average, according to data from the Bureau of Labor Statistics mid-year consumer expenditures update, released Thursday.