Income Inequality In The United States Article

3 their average household income was 233 895.

Income inequality in the united states article. Current statistics in 2018 the top 20 of the population earned 52 of all u s. According to the center on budget and policy priorities cbpp back in the mid 1970s income. The article focuses on economic events that have had significant impacts on income and wage earnings such as the world war ii and the great depression. Search for other works by this author on.

According to the survey of consumer finances scf wealth concentration is high and growing. Income inequality in the united states 1913 1998 thomas piketty thomas piketty ehess and cepremap paris. Income inequality is an increasing problem in the united states and has been for several decades now. The united states could improve income inequality with employment training and investing in education.

The richest 1 of households owned 36 of the wealth in 2013 up from 30 in 1992 kennickell 2011. Income inequality has sharply increased in the united states since the late 1970s but currently available evidence about wealth inequality is mixed. The top 1 percent of families took home an average of 26 3 times as much income as the bottom 99 percent. The richest of the rich the top 5 earned 23 of all income.

Emmanuel saez harvard university. The rich are getting richer and the poor are getting poorer at least in the united states. In their article thomas piketty and emanuel saez conduct a comprehensive study on trends of income inequality in the united states between 1913 and 1998 saez and piketty 12.