April 18, 2018

CBO: Income Inequality Continues to Rise

Income inequality in the US continues to rise, according to a recent report from the Congressional Budget Office. The report, which presents data from 2014, finds that average income among households in the lowest fifth of the income distribution was $19,000, while income for households in the highest fifth averaged $281,000. Below is background on the trends in income inequality since 1979, as well as an explanation of how government policies can affect those trends.



Related: Income and Wealth in The United States: An Overview of Recent Data


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