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Income inequality has fluctuated considerably since measurements began around 1915, declining between peaks in the 1920s and 2007 (CBO data [2]) or 2012 (Piketty, Saez, Zucman data [15]). Inequality steadily increased from around 1979 to 2007, with a small reduction through 2016, [2] [16] [17] followed by an increase from 2016 to 2018. [18]
An example of the slowdown in education growth in America (that began about the same time as the Great Divergence began) is the fact that the average person born in 1945 received two more years of schooling than his parents, while the average person born in 1975 received only half a year more of schooling. [29]
Native American women earn significantly less than other women and men in the country. On average, it would take a Native American woman an additional 9 months to receive the same annual salary as a white man. [82] In addition, the average Native American woman earns approximately $0.58 per every individual dollar a white man earns. [83]
Ranked in order from cities with the highest to lowest Gini coefficient, see which American cities experience the most income inequality. Nate Hovee / Getty Images/iStockphoto 1.
The study found, for example, that: ... Much of the reason that economic inequality is so stark in modern America is wage stagnation. The federal minimum wage has been $7.25 an hour since 2009 ...
If things seem tough for the average American, you can bet they're a lot worse for those in lower income brackets. In fact, income inequality in America has increased in many American cities, but a...
The wealth gap between Caucasian and African-American families studied nearly tripled, from $85,000 in 1984 to $236,500 in 2009. The study concluded that factors contributing to the inequality included years of home ownership (27%), household income (20%), education (5%), and familial financial support and/or inheritance (5%). [11]
Straightforward data on earnings clearly shows a huge rise in inequality of pay in the US economy, write Elise Gould and Josh Bivens. Opinion: Why a new study gives a misleading view of inequality ...