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Same data [12] as adjacent chart, ... increases over time indicates rising income inequality." ... that income inequality in the United States had reached its highest ...
The data source is DeNavas-Walt, Carmen; Bernadette D. Proctor, Robert J. Mills (08 2004). Table A-3: Selected Measures of Household Income Dispersion: 1967 to 2003 (in English) (PDF). Income, Poverty, and Health Insurance Coverage in the United States: 2003 36-37. U.S. Census Bureau. Retrieved on 2007-06-16.
Real median income also varied by age groups, with median income for household members aged 65 and over being hit the hardest — declining 2.6% between 2020 and 2021, according to the report.
Therefore, a lower Gini score is roughly associated with a more equal distribution of income and vice versa. In 2018 U.S. income inequality as measured by the Gini index was close to the highest recorded values ever. [15] [16] The information was tabulated in 2019 from data from the American Community Survey (ACS) conducted by the US Census Bureau.
The average American one-percenter's income of over $1.1 million is 25.3 times as much as the average income of everyone else -- $45,567. This map shows how bad income inequality is in your state ...
Americans are getting wealthier, but inequality is on the rise too and higher prices are hurting.
A plot of intergenerational immobility against inequality, with the US highlighted in red (data from 2012) The "Great Gatsby Curve" is the term given to the positive empirical relationship between cross-sectional income inequality and persistence of income across generations. [1]
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.