SOCIOL 1 Lecture Notes - Lecture 18: Pew Research Center, Kaiser Family Foundation, Los Angeles Times
Document Summary
In 2013, 51% of the total u. s. income was earned by households in the highest quintile. [top 20%] or among households making an average of ,206. the lowest 20% of households had 3. 2% of the total income . Income gap between rich, poor hits new high los angeles times (9/12/12) Nearly 18% of the nation"s total income went to the top 1% the average annual income to the top 1% of the u. s. population is an estimated ,000. Income inequality in the u. s. is highest since 1928. Income inequality in america is the highest it"s been since census bureau started tracking it, data shows the washington post (9/26/19) Inequality will go up as long as the people at the top are seeing their wealth increase. a booming economy means that people who have higher income and own capital are able to see continued higher returns on that. Increasing costs of housing, health care and higher education:
