The economy has been pretty good for the top 1 percent in Delaware – at least when it comes to income.
As the First State recovered from the Great Recession the top 1 percent saw income grow by 15 percent.
That’s according to a study from the Washington-based Economic Policy Institute.
The study found that the bottom 99 percent saw their incomes fall by 1.6 percent.
The survey of IRS data found that the 1 percent represent just over 47-hundred tax filings including individual taxpayers and married state residents filing joint returns.
The Wilmington News Journal reports that Mark Price co-author of the report says that there has been a pattern of growing income inequality.
But, he adds, this is “pretty extreme.”
