Since 1950,the average incomes of every income group increased-though the incomes of the wealthiest Americans (the top 5 percent)increased more sharply than those of any others.This observation is also referred to as:

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The observation described in the question is commonly referred to as the income gap, which indicates that the disparity between the incomes of the wealthiest Americans and other income groups has increased since 1950. The gender gap relates to differences in pay or opportunities based on gender, hyper-inflation refers to a significant and rapid increase in prices, and the 99 percent refers to a social and economic movement that emphasizes the economic inequality between the top 1 percent and the rest of society. Inflation is a general increase in prices and decrease in purchasing power.

Since 1950,the Average Incomes of Every Income Group Increased-Though the Incomes