Income Inequality: Difference between revisions
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Juliana Menasce Horowitz 9/1/20 Pew Research Center] | Juliana Menasce Horowitz 9/1/20 Pew Research Center] | ||
Barely 10 years past the end of the Great Recession in 2009, the U.S. economy is doing well on several fronts. The labor market is on a job-creating streak that has rung up more than 110 months straight of employment growth, a record for the post-World War II era. The unemployment rate in November 2019 was 3.5%, a level not seen since the 1960s. Gains on the jobs front are also reflected in household incomes, which have rebounded in recent years. | Barely 10 years past the end of the Great Recession in 2009, the U.S. economy is doing well on several fronts. The labor market is on a job-creating streak that has rung up more than 110 months straight of employment growth, a record for the post-World War II era. The unemployment rate in November 2019 was 3.5%, a level not seen since the 1960s. Gains on the jobs front are also reflected in household incomes, which have rebounded in recent years. | ||
=====Income Inequality in California===== | |||
[https://www.ppic.org/publication/income-inequality-in-california/ by Tess Thorman and Daniel Payares-Montoya 3/25 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. | |||
