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...Reagan boom, for all its success, has not distributed its benefits evenly. It is a theme Dukakis is stressing more and more in his campaign. "In the past seven years," he declares, "the rich have gotten richer, the poor have gotten poorer, and those in the middle -- that's most of us -- have gotten squeezed...

Author: /time Magazine | Title: Are You Better Off? | 10/10/1988 | See Source »

...rapidly through the stagflation of the late 1970s. Bush's economic advisers argue that Reaganite prosperity has increased the inflation- adjusted incomes of all classes at least since the end of the 1982 recession. In other words, while the rich are indeed getting richer, the poor have stopped getting poorer...

Author: /time Magazine | Title: Are You Better Off? | 10/10/1988 | See Source »

...year to $304,000. By some estimates, the U.S. has a million millionaires (defined as someone who has a net worth of at least $1 million). Says California Democratic Congressman George Miller, who chairs a committee that deals with family problems: "We are creating a dumbbell. The poor are poorer, and there are more of them. The rich are richer, and there are more of them...

Author: /time Magazine | Title: Are You Better Off? | 10/10/1988 | See Source »

CAPTION: RICHER AND POORER...

Author: /time Magazine | Title: Are You Better Off? | 10/10/1988 | See Source »

...mercy of the elements. A giant hurricane was long overdue in the Gulf and the Caribbean. Others are destined to occur, and concern is growing that unrestricted development and population growth on fragile barrier islands and coastlands could lead to catastrophe. The U.S. got a pass from Gilbert, but poorer, less fortunate neighbors took a hit they could scarcely afford. Next time the scariest weather story of a scary season could strike closer to home...

Author: /time Magazine | Title: It Was No Breeze | 9/26/1988 | See Source »

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