Income Inequality More Than Just a National Problem
Posted by Economic Policy Institute on June 27, 2016
While the presidential election has directed serious attention to income inequality in the United States, the issue has primarily been framed in terms of the fortunes of the top one percent at the national level, according to a new report from the Economic Policy Institute. The report argues, however, that inequality is a local issue as well. It finds that in nine states, 54 metropolitan areas, and 165 counties, the gap between the rich and the poor is even more severe than in the country as a whole. Income Inequality in the U.S. by State, Metropolitan Area and County also notes that economic recovery after the Great Recession substantially favored the rich, as the top one percent of earners saw their incomes grow 25 times as much as the bottom 99 percent.
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