Times are not equal. Constant has been the debate of what has brought about widening disparities in income and wealth at our age. The subject is of interest such that researchers have taken their time to inquire into the trends of income or wealth inequality in the United States. We know very little about the distribution of income and wealth and how they have evolved in the long run. Those at the top and the middle of the distribution are affected differently by changes in equity and house prices. Housing booms help the middle-class households and tend to decrease wealth inequality. Income and Wealth 1949 In the postwar period, average family income decreased by 100 US dollars from 1948-1949. Income[…]