Figure 164

Growth in Real Household Income by Quintile, 1973-1993 and 1993-1999

Growth in household income since 1993 has been stronger and more equally distributed than it was during the previous 20 years.

Average annual percent change

Average annual percent change

Bottom Second Middle Fourth Top

Bottom Second Middle Fourth Top

Source: Department of Commerce (Bureau of the Census).

monetary policy

Actions taken by the Federal Reserve that influence bank reserves, the money stock, and interest rates

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