Friday, November 16, 2012

MassBudget: MA Among States with Highest Income Inequality



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Massachusetts among States with Highest Inequality
The gap between Massachusetts's richest and poorest households is the 8th highest in the nation, according to a new report by the Center on Budget and Policy Priorities and the Economic Policy Institute.

Comparing income inequality in all fifty states over the last 3 decades, the report finds that:

  • As of 2008-2010 (the most recent data available), the highest-income 20% of households in Massachusetts had incomes over 8 times larger than the lowest-income 20%.*

  • From the late 1970s to the mid 2000s, this gap grew faster in Massachusetts than in every state but one (CT).*

Income for the top 20% of households in Massachusetts more than doubled between the late 1970s and the mid 2000s (adjusted for inflation). By contrast, the bottom 20% saw virtually no income growth over that same period.*

To provide a fuller picture of the situation in Massachusetts, MassBudget has put together an accompanying slideshow, with additional information about statewide inequality, poverty, the minimum wage, and more.

Read PULLING APART, a joint report from the Center on Budget and Policy Priorities and the Economic Policy Institute

View MassBudget's Slideshow PULLING APART IN MASSACHUSETTS

*The numbers cited in this email are available in Table 1 (pg. 17), Table 8 (pg. 35), and Table 7 (pg. 33) of Pulling Apart.
The Massachusetts Budget and Policy Center (MassBudget) produces policy research, analysis, and data-driven recommendations focused on improving the lives of low- and middle-income children and adults, strengthening our state's economy, and enhancing the quality of life in Massachusetts.

MASSACHUSETTS BUDGET AND POLICY CENTER
15 COURT SQUARE, SUITE 700
BOSTON, MA 02108
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