Income Inequality Continues to Grow in America


A study released yesterday by the Pew Research Center found that income inequality continues to grow in America. The study compared incomes in the top 10% of households against the bottom 10% based on data from American Community Survey and U.S. decennial censuses and found that top earners now make almost 9 times more than lower income households. The study reinforces the results of previous research showing that income inequality has been growing steadily in the United States since the 1970s.

The Pew study also broke down the income statistics by ethnic group which resulted in some interesting findings:

1. Asians make more than any other ethnic group, but also have the greatest income inequality.

2. White households still make considerably more than those of Blacks and Hispanics with the gap narrowing a bit for Black families, but increasing for Hispanics since the 1970s. Both groups earned about 65% as much as whites in 2016.


Photo Credit: mSeattle, no changes

#incomeinequality

Follow Us
  • Facebook Basic Square
huipilequilt.jpg
Shop and Support Illuminate. Handmade and Fair Trade Bags, Throws, Bedspreads, Table Runners and Pillow Covers. See them Here!
_MG_7571 (2).JPG
See Our Handmade Bedspreads & Throws Here

Handmade Guatemalan Backpack Shoulder Bag. See them here.

Illuminate Our World   

News  Politics  Art  Photography  History, Culture & Fair Trade Shopping

Illuminateourworld.org

© Illuminate

Don't Forget to Bookmark us!
LLocated In Beautiful Virginia Beach, VA

2023 by The Artifact. Proudly created with Wix.com