The Increasingly Unequal States of America: Income Inequality by State, 1917 to 2011

See on Scoop.itDidYouCheckFirst

The rise in inequality experienced in the United States in the past three-and-a-half decades is not just a story of those in the financial sector in the greater New York City metropolitan area reaping outsized rewards from speculation in financial markets. Rising inequality and increases in top 1 percent incomes affect every state.

by Estelle Sommeiller and Mark Price, Economic Policy Institute

Economic inequality is, at long last, commanding attention from policymakers, the media, and everyday citizens. There is growing recognition that we need an inclusive economy that works for everyone—not just for those at the top.

While there are plentiful data examining the fortunes of the top 1 percent at the national level, this report examines how the top 1 percent in each state have fared over 1917–2011, with an emphasis on trends over 1928–2011 (data for additional percentiles spanning 1917–2011 are available at go.epi.org/top-incomes). In so doing, this analysis finds that all 50 states have experienced widening income inequality in recent decades.

Read more: http://www.epi.org/publication/unequal-states/

Greg Russak‘s insight:

Data doesn’t lie.

 

Executive summary

Economic inequality is, at long last, commanding attention from policymakers, the media, and everyday citizens. There is growing recognition that we need an inclusive economy that works for everyone—not just for those at the top.

While there are plentiful data examining the fortunes of the top 1 percent at the national level, this report examines how the top 1 percent in each state have fared over 1917–2011, with an emphasis on trends over 1928–2011 (data for additional percentiles spanning 1917–2011 are available at go.epi.org/top-incomes). In so doing, this analysis finds that all 50 states have experienced widening income inequality in recent decades.

See on www.epi.org

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Author: Peaceful Patriot

Proud middle class husband, father, and progressive liberal. Registered Non-Partisan but have much more in common with Democrats than Republicans. Consider Libertarians to be immature and underdeveloped in their understanding of reality. An atheist who doesn't care what you believe so long as you stop pretending the Founding Fathers intended for you to legislatively force your beliefs on everyone else. Laughs out loud in mocking disdain at the abject lunacy of birthers, climate science deniers, and hard core tea partiers. If that offends you, too bad. You're not rational and have no place at the adult table.

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