Can it be both ways? Liberals claim that federal transfer programs have decreased inequality, yet moan about growing inequality even with 123 transfer programs in education, nutrition, fuel, housing, health, child care and tax rebates. If there is growing inequality (and it's a myth the media perpetuate--spendable income inequality is not increasing, increased capital is not bad for labor, wealth is not a zero sum game, and high income taxes do not necessarily lead to a more equal outcome--Forbes.), I'd look at how the government has fed this, just as it's fed the growing college debt by floating so many loans.
By age 60,
70% of the population will have experienced at least one year within the top 20th percentile of income;
53% of the population will have experienced at least one year within the top 10th percentile of income; and
11.1% of the population will have found themselves in the much-maligned 1% of earners for at least one year of their lives.
At the same time, it’s much more rare for a person to reach the top 1% and stay there. According to PSID data, only 0.6% of the population will experience 10 consecutive years in the top 1% of earners.