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US Income Inequality Is at the Highest Level in 50 Years

Video Credit: Wibbitz Top Stories
Published on September 27, 2019 - Duration: 01:30s

US Income Inequality Is at the Highest Level in 50 Years

US Income Inequality Is at the Highest Level in 50 Years According to data from the U.S. Census Bureau, there was an income inequality uptick of .003 from 2017 to 2018.

The Gini Index measures income on a scale of zero to one, with zero being perfectly equal and one being perfectly unequal.

In the U.S. in 2018, the Gini Index measured 0.485.

At the same time, U.S. median household income increased to $62,000.

The median household income increase was the smallest of the past three years and was distributed unevenly.

Hector Sandoval, Economist at the University of Florida, via NBC News Six states saw the biggest increase of income inequality: Alabama, Arkansas, Kansas, Nebraska, New Hampshire and New Mexico.

Areas with the most wealth β€” Washington D.C.

And New York β€” and the most poverty β€” Louisiana and Puerto Rico β€” had the highest rates of income inequality.

The states with the most income equality were North and South Dakota, Iowa, Alaska and Utah.

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