On the surface, Census Bureau data released Tuesday showed little
change in the gap between rich and poor because the traditional measure
of income inequality – the Gini index – was basically steady from 2015
to 2016.
Bu difference between median and mean household income hit a record last year, which suggests the rich got richer as they left the typical American household further behind.Specifically, median household income, after adjusting for inflation, rose 3.2 percent in 2016 to $59,039, while mean income increased at a bit of a faster clip – 3.6 percent – to $83,143.
Read complete report here: Record Gap Between U.S. Income Measures Shows Rising Inequality
Bu difference between median and mean household income hit a record last year, which suggests the rich got richer as they left the typical American household further behind.Specifically, median household income, after adjusting for inflation, rose 3.2 percent in 2016 to $59,039, while mean income increased at a bit of a faster clip – 3.6 percent – to $83,143.
That’s a difference of $24,104, up from $23,035 in 2015 and just $5,318 when the series started in 1967.
Read complete report here: Record Gap Between U.S. Income Measures Shows Rising Inequality
