THE OLD NORMAL

Economic Injustice

  1. Over the past 50 years, the highest-earning 20% of U.S. households have steadily brought in a larger share of the country’s total income.

  2. Income inequality in the U.S. is the highest of all the G7 nations, according to data from the Organization for Economic Cooperation and Development.

  3. The black-white income gap in the U.S. has persisted over time. The difference in median household incomes between white and black Americans has grown from about $23,800 in 1970 to roughly $33,000 in 2018 (as measured in 2018 dollars). 

  4. Overall, 61% of Americans say there is too much economic inequality in the country today, but views differ by political party and household income level.

  5. The wealth gap between America’s richest and poorer families more than doubled from 1989 to 2016, according to a recent analysis by the Center. 

  6. Middle-class incomes have grown at a slower rate than upper-tier incomes over the past five decades, the same analysis found. From 1970 to 2018, the median middle-class income increased from $58,100 to $86,600, a gain of 49%. By comparison, the median income for upper-tier households grew 64% over that time, from $126,100 to $207,400.  [from Pew Research]​

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