THE OLD NORMAL
Economic Injustice
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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.
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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.
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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).
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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.
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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.
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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]​