The long-lasting impact of the 2008 financial crisis and lingering tight job market is showing up in the country's growing income gap.The income gap among Americans has widened by 10% nationwide over the past 20 years, according to new survey released Monday by Bankrate.com (NYSE:RATE). Despite this growing trend, a second report shows that one in five Americans will become rich for parts of their lives, meaning they make at least $100,000 a year, according to the Associated Press.Bankrate reports the income gap in America is growing fastest among those ages 35-to-44 at a rate of 21% from 1992 to 2012. This is higher than any other age group and more than double the average increase for all age groups, at 10%. Those in this age group are at their prime years for solidifying future wealth, the survey reports , which can be worrisome to long-term income growth prospects.Chris Kahn, Bankrate research and statistics analyst,says the two major factors contributing to the widening income gap...
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As the gap between the rich and poor continues to widen in this country, there have been many proposals on how to change the tax code to bring about more income equa...