Income inequality in the U.S. reached a record high past year

Wealth inequality in US reached highest level in over 50 years, Census says

Day After Trump Said 'Inequality Is Down,' Federal Data Shows US Income Inequality Highest Since Census Began Measuring

While the citizenship question was rejected from the main Census the annual American Community Survey, compiled by the Census Bureau, does ask about a person's place of birth, citizenship and year of entry into the U.S. The data is compiled to estimate the foreign-born U.S. population.

Income disparity is compounding over the US indeed, even as the economy broadens the longest development in the nation's history. The last time a change in the metric was deemed statistically significant was when it grew from 2012-2013.

The separation between the rich and poor between 2017 and 2018 is greater than ever, with nine states seeing spikes in the divide, including California, Alabama, Arkansas, New Mexico, Texas, Nebraska, Kansas and Virginia. The economy has developed for 123 straight months, or a little more than 10 years. Equality was highest in Utah, Alaska and Iowa.

The nation's Gini Index, which measures income inequality, has been rising steadily over the past five decades. A Gini Index of 0 expresses flawless equality, while a coefficient of 1 expresses maximal inequality.

Weeden added that the latest Census data don't tell the whole story, noting that wealth - which factors in assets like the value of a home or stock holdings - is even more uneven in the USA than income, which for most people comes from their wages and salaries. But it moved from 0.482 in 2017 to 0.485 in 2018. The gap between the haves and have-nots in the United States grew previous year.

USA median household income has never been higher, coming in at $61,937 for 2018, the Census Bureau says.

Earlier this month, when Census officials revealed that median household incomes had reached $62,000, the White House's Council of Economic Advisers praised Trump administration economic policies for helping "those typically left behind" and increasing wages for "lower-income families". "The gulf is starkest in wealthy coastal areas such as Washington, D.C., New York, Connecticut, and California, as well as in areas with widespread poverty, such as Puerto Rico and Louisiana".

Poverty rates did not grow worse in the 25 largest USA cities in 2018, the Census Bureau says.

In the three most populous US metropolitan areas - centered on New York City, Los Angeles and Chicago - the percentage of people in poverty fell for the fourth year in a row.

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