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The United States has the highest level of income inequality in the Western world, according to a 2018 study by the United Nations Special Rapporteur on extreme poverty and human rights. The United States has forty million people living in poverty, and more than half of these people live in "extreme" or "absolute" poverty.
The United States has the greatest income disparity among developed nations. [1] However, the inequality indicators vary considerably from state to state. States that have a high concentration of skilled jobs, implement regressive tax policies, or have weaker worker protections in general tend to have greater income inequalities.
Income inequality in the United States grew significantly beginning in the early 1970s, [2] [3] [4] after several decades of stability. [5] [6] [7] The US consistently exhibits higher rates of income inequality than most developed nations, arguably due to the nation's relatively less regulated markets. [8] [9] [10]
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 ...
Here’s how economic inequality in the United States affects you, even if you earn a good living. Taxpayers spend $107 billion a year supplementing the paltry salaries of the working poor ...
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 data below is for annual median household income in the 50 states, the District of Columbia, and Puerto Rico — the data is based on 2013–2017 American Community Survey data from the U.S. Census Bureau; populations are also from the 2013–2017 American Community Survey.
The bottom 20% in Atlanta earned an average income of $11,221 compared to $324,230 among the top 20%. Six Florida cities were among those with the most income inequality. These include Miami (#6 ...