By Andre Damon in the USA:
Income inequality soars in every US state
30 January 2015
Income inequality has grown in every state in the US in recent decades, according to a new study published this week by the Economic Policy Institute. The report, entitled The Increasingly Unequal States of America, found that, even though states home to major metropolitan financial centers such as New York, Chicago, and the Bay Area had the highest levels of income inequality, the gap between the rich and the poor has increased in every region of the country.
“It doesn’t matter if you’re looking at Hawaii or West Virginia or New York or California, there has been a dramatic shift in income towards the top,” said Mark Price, an economist at the Keystone Research Center in Harrisburg, Pennsylvania, and one of the study’s co-authors, in a telephone interview.
Climate change could exacerbate economic inequalities in the U.S. Counties in the South will pay the greatest price, simulation predicts: here.
US Census data from 2016 released on Tuesday shows increasing social inequality amid a small gain in household income that is offset by a massive growth of personal debt and rising living costs: here.