Wednesday, November 21, 2012
Skyrocketing Income Inequality in America Over the Past 30 years
From the report: "In the United States as a whole, the poorest fifth of households had an average income of $20,510, while the top fifth had an average income of $164,490 — eight times as much, this top-to-bottom ratio exceeded 8.0. In the late 1970s, in contrast, no state had a top-to-bottom ratio exceeding 8.0."
The United States currently has more income inequality than Pakistan or the Ivory Coast, according to a study by ThinkProgress using data from the CIA factbook. Income inequality in the United States is actually higher than at any other time in modern history since the Great Depression, according a Huffington Post article.
What circumstances created these disparate conditions? Read more: Deseret News