Posts Tagged ‘income inequality’

Income Share of Top 1% by Geographic Region

February 4, 2015

Income share of top 1% by geographical location

According to Economic Policy Institute, the Northeastern United States holds the highest share of the top 1% income, followed by the West Coast. The Midwest holds the lowest share.

–Source The Economic Policy Institute

 

 

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Low Taxes in the US Causing Income Inequality to be High

November 21, 2014

The United States has the highest income inequality among comparable nations. The left-side graph depicts the US as having a favorable Gini coefficient (a measure of income inequality) without taxes. After taxes and government transfers are factored in, the US becomes highly unequal. One of the reasons for this trend is that, although the US uses progressive taxation, the tax rates are significantly lower than the international standard and social welfare programs are also much less generous.

–From The New York Times

Half of Millenials Worth $10,400 or Less

September 5, 2014

richerthanhalf

Half of Americans under age 35 have a net worth of $10,400 or less, compared to average $81,200 for all families. Strikingly, Americans with a college degree have a median wealth $167,000 higher than those with only a high school diploma.

–from The Wall St Journal