US income inequality at highest level in 50 years

US income inequality at highest level in 50 years

The gap between the richest and the poorest U.S. households is now the largest it’s been in the past five decades, according to new data from the U.S. Census Bureau. The income gap grew wider in nine states including Alabama, Arkansas, California, Kansas, Nebraska, New Hampshire, New Mexico, Texas and Virginia. This comes in spite of U.S. median household income having never been higher.

Simone
Simone
porcus
porcus 4 months

My personal opinion is that this is the result of people buying things they do not need, can not afford, and have no time to enjoy. Far too many homes around me have garages full of "stuff", so they park their cars outside. Most households have both spouses working just to make minimum payments on their debts. To me, the issue is poor financial decisions.

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