Income Inequality: Difference between revisions
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[https://www.ppic.org/publication/income-inequality-in-california/ by Tess Thorman and Daniel Payares-Montoya PPIC] | [https://www.ppic.org/publication/income-inequality-in-california/ by Tess Thorman and Daniel Payares-Montoya PPIC] | ||
In 2023 (the most recent data available), families at the top of the income distribution—the 90th percentile—earned 11 times more than families at the 10th percentile ($336,000 vs. $30,000, respectively). Only two other states had wider income gaps. | In 2023 (the most recent data available), families at the top of the income distribution—the 90th percentile—earned 11 times more than families at the 10th percentile ($336,000 vs. $30,000, respectively). Only two other states had wider income gaps. | ||
=====Rising Economic Inequality in the US: Key Statistics and Root Causes===== | |||
[https://sites.lsa.umich.edu/mje/2022/02/08/rising-economic-inequality-in-the-us-key-statistics-and-root-causes/ by Malak Kalasho ME] | |||
Since its beginning, the United States has prided itself on being the land of opportunity, a place in which all individuals have the opportunity to succeed. Many people continue to refer to it as such, but a closer look at wealth and income distribution in the U.S. tells a different story. To the extent to which success depends on economic status and mobility, the notion that the U.S. is still the land of opportunity is simply false. Since the 1970s, economic inequality in the U.S. has skyrocketed, leaving many Americans living paycheck to paycheck while the nation’s top earners hoard all the gains from economic growth. The rise in economic inequality can be attributed to various factors that are often still debated, but a common theme among many of the causes rests on the enactment of legislation geared towards helping the wealthy and against the protection of workers. | |||
