Editing Reaganomics (section)

===Income distribution===
{{Further|Income inequality in the United States}}
[[File:Trends in US income inequality 1975-2005.jpg|thumb]]
Continuing a trend that began in the 1970s, income inequality grew and accelerated in the 1980s. ''The Economist'' wrote in 2006: "After the 1973 oil shocks, productivity growth suddenly slowed. A few years later, at the start of the 1980s, the gap between rich and poor began to widen."<ref>{{cite news| url = https://www.economist.com/special-report/2006/06/15/the-rich-the-poor-and-the-growing-gap-between-them| title = The Economist-The rich, the poor and the growing gap between them-June 2006| newspaper = The Economist| date = June 15, 2006| access-date = July 1, 2018| archive-date = November 20, 2019| archive-url = https://web.archive.org/web/20191120053637/https://www.economist.com/special-report/2006/06/15/the-rich-the-poor-and-the-growing-gap-between-them| url-status = live}}</ref> According to the CBO: 
*The top 1% of income earners' share of income ''before'' transfers and taxes rose from 9.0% in 1979 to a peak of 13.8% in 1986, before falling to 12.3% in 1989.
*The top 1% share of income earners' of income ''after'' transfers and taxes rose from 7.4% in 1979 to a peak of 12.8% in 1986, before falling to 11.0% in 1989.
*The bottom 90% had a lower share of the income in 1989 vs. 1979.<ref>{{cite web| url = https://www.cbo.gov/publication/53597| title = CBO-The Distribution of Household Income, 2014-Refer to Supplemental Data for Exact Figures-March 19, 2018| date = March 19, 2018| access-date = July 1, 2018| archive-date = April 12, 2018| archive-url = https://web.archive.org/web/20180412233412/https://www.cbo.gov/publication/53597| url-status = live}}</ref>