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According to the Census Bureau, income inequality reached then record levels in 2018, with a Gini of 0.485, [9] Since then the Census Bureau have given values of 0.488 in 2020 and 0.494 in 2021, per pre-tax money income. [10]
While pre-tax income is the primary driver of income inequality, the less progressive tax code further increased the share of after-tax income going to the highest income groups. For example, had these tax changes not occurred, the after-tax income share of the top 0.1% would have been approximately 4.5% in 2000 instead of the 7.3% actual figure.
South America: High income 40.6 2022 United States: Northern America: High income 41.3 2022 39.79 2022 39.6 2022 Uzbekistan: Central Asia: Lower middle income 31.2 2022 35.27 2003 Saint Vincent and the Grenadines: Caribbean: Upper middle income 40.00 2008 Venezuela: South America — 44.7 2006 37.80 2014 Vietnam: South-eastern Asia
Read Next: 6 Unusual Ways To Make Extra Money (That Actually Work) Key Findings. Atlanta ranked in first place as the U.S. city with the most income inequality. The bottom 20% in Atlanta earned an ...
Citing a myriad of causes -- from cheap credit to exploitative bank practices-- they've noted that the average family puts away less than 4 percent of its income. "Wealth Inequality in America," a ...
Post-pandemic America has seen inflation grow rapidly, along with household income inequality. According to a recent study published by the Economic Policy Institute (EPI), household incomes have ...
It's the Inequality, Stupid. March/April 2011 Issue. Mother Jones. Many charts, with sources. Who Rules America: Wealth, Income, and Power. July 2011. By G. William Domhoff. Many charts, and sources. See table 4 for wealth distribution by country. See table 7 for income distribution by country.
The pandemic induced a significant economic toll on Americans, per a recent report, which indicated income inequality increased by 1.2% — as measured by the so-called Gini index — between 2020 ...