TIL: income flow

[timelets]

According to the Congressional Budget Office, virtually all of the growth in pre-tax household income over the QE period (2009 to 2014) occurred in the upper decile of the US income distribution, where the Fed’s own Survey of Consumer Finances indicates that the bulk of equity holdings are concentrated.

On a somewhat related note: after reading This Time It's Different, I have a feeling that financial troubles abroad typically lead to asset bubbles in the US. My guess would be that this time around residential real estate would not be it.
https://fred.stlouisfed.org/graph/?g=kQrC
https://fred.stlouisfed.org/graph/?g=kQse