The Average Household Income By State
Business Insider - The nature of income
inequality in the U.S. and elsewhere is one of the biggest questions in
contemporary economics and politics, with the Occupy Wall Street
movement popularizing the division between the top 1% and the remaining
99% of earners.
There's
a divergence across the country in what it takes to be in the 1%. In
the Northeast, top level incomes are in the area of a half million
dollars, while in parts of the South and West, the cutoff is much lower.
These
figures should be interpreted as being very rough estimates. Surveys
like the ACS frequently have difficulties in capturing the true nature
of the very top of the income spectrum. Recent research based on income
tax records, like
this remarkable slideshow
by Berkeley economists Emmanuel Saez and Gabriel Zucman, can give us
much more detailed insight into what's going on with the super-rich.
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