Gap Between Rich, Poor Widest Here

DAILY REAL ESTATE NEWS | SUNDAY, OCTOBER 18, 2015

Income inequality is high and growing. Among the wealthiest Americans, wages have more than doubled between 1979 and 2011. On the other hand, wages for the median U.S. worker have increased just 6 percent in that time frame.

Income gaps are widening at a faster rate in some states. 24/7 Wall Street recently reviewed the states with the widest gaps between the rich and poor. These states topped its list:

7. Rhode Island

Median household income: $54,891

Households earning $200,000+: 5.9%

Poverty rate: 14.3%

6. Florida

Median household income: $47,463

Households earning $200,000+: 4

Poverty rate: 16.5%

5. Massachusetts

Median household income: $69,160

Households earning $200,000+: 9.3%

Poverty rate: 11.6%

4. California

Median household income: $61,933

Households earning $200,000+: 8.1%

Poverty rate: 16.4%

3. Louisiana

Median household income: $44,555

Households earning $200,000+: 3.6%

Poverty rate: 19.8%

2. Connecticut

Median household income: $70,048

Households earning $200,000+: 10%

Poverty rate: 10.8%

1. New York

Median household income: $58,878

Households earning $200,000+: 7.6%

Poverty rate: 15.9%

View the full list of the 10 states with the widest gap between rich and poor at 24/7 Wall St.

Source: “States With the Widest Gap Between Rich and Poor,” 24/7 Wall St. (Oct. 5, 2015)