5 years ago
US income inequality jumps to highest level ever recorded
Income inequality last year reached its highest level in more than half a century, as a record-long economic expansion continued to disproportionately benefit some of the wealthiest Americans. A key measure of wealth distribution jumped to 0.485 in 2018, the Census Bureau said Thursday, its highest reading since the so-called Gini index was started in 1967. The gauge, which uses a scale of 0 to 1, stood at 0.482 a year earlier.
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