U.S. income inequality

/Tag: U.S. income inequality

Income Inequality: What Do the Measures Really Tell Us?

You have probably seen the recent headlines saying that U.S. income inequality has reached a 50-year high. They are based on the Census Bureau’s latest report on Income and Poverty in the United States, published last month. The Census Bureau’s data, however, ignore taxes, as well as non-cash benefits such as Medicare. They measure inequality in a hypothetical

Income inequality highest in more than 50 years: census

Income inequality in the United States is at its highest point since data started being collected more than 50 years ago, according to Census Bureau numbers. The Gini index that measures income inequality grew significantly from 0.482 in 2017 to 0.485 in 2018, The Associated Press reported. The scale ranges from zero, exemplifying perfect equality, to one, if one

Stanford profs: U.S. income inequality is only getting worse. Now what?

The U.S. economy hit a historic high in 2018, and today unemployment is at its lowest rate in five decades. Yet wage growth for the vast majority of Americans has stalled, and more people are struggling to afford housing, healthcare, education, and other basics. “Times are good if you are college educated and working in