Income Inequality Grows To Its Highest Level In 50 Years

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7. Better Wash Post version I posted in 'Editorials.' TY again

INCOME INEQUALITY In America Is The Highest It's Been Since Census Started Tracking It
'Income inequality in America is the highest it’s been since census started tracking it, data shows.' In the midst of the nation’s longest economic expansion, the separation between rich and poor is at a five-decade high. Washington Post, Sept. 26, 2019.

Income inequality in the United States has hit its highest level since the Census Bureau started tracking it more than five decades ago, according to data released Thursday, even as the nation’s poverty and unemployment rates are at historic lows. The gulf is starkest in wealthy regions along both coasts such as New York, Connecticut, California and Washington, D.C., as well as in areas with widespread poverty, such as Puerto Rico and Louisiana. Equality was highest in Utah, Alaska and Iowa.

And while the nation is in the midst of its longest economic expansion, nine states saw spikes in inequality from 2017 to 2018: Alabama, Arkansas, California, Kansas, Nebraska, New Hampshire, New Mexico, Texas and Virginia.

The Gini index measures wealth distribution across a population, with zero representing total equality and 1 representing total inequality, where all wealth is concentrated in a single household. The indicator has been rising steadily for several decades. When the Census Bureau began studying income inequality in 1967, the Gini index was 0.397. In 2018, it climbed to 0.485. By comparison, no European nation had a score greater than 0.38 last year...
https://www.democraticunderground.com/1016239923