Obama’s Claim about the Income of the Top 1% Compared to Typical Families Confirmed True

While speaking about the economy Wednesday, President Obama made a claim that apparently sent some people into a frenzy. During his speech he said the following: “The income of the top 1 percent nearly quadrupled from 1979 to 2007, but the typical family‚Äôs incomes barely budged.” Which prompted the fact checking website Politifact to investigate […]