Much has been recently written about growing economic inequality at a national level, but a new study by the Center on Budget and Policy Priorities, Pulling Apart, now provides an analysis of income change on a state-by-state basis. Quoting from some of the report's most notable findings:
- In the United States as a whole, the poorest fifth of households had an average income of $20,510, while the top fifth had an average income of $164,490 — eight times as much. In 15 states, this top-to-bottom ratio exceeded 8.0. In the late 1970s, in contrast, no state had a top-to-bottom ratio exceeding 8.0.
- The average in come of the top 5 percent of households was 13.3 times the average income of the bottom fifth. The states with the largest such gaps were Arizona, New Mexico, California, Georgia, and New York, where the ratio exceeded 15.0.
Thanks to NPR's Marketplace for calling attention to this publication.