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Category: Money

“Winner Takes All” Economy for U.S.

Written on October 03, 2010 by R. Depp

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The U.S. economy suffers more; income inequality between the rich and the poor rises even more.

Recent study shows that the gap between the richest and poorest American grew in the past twelve months. It is the young adults and the children who struggled most in these situations.

In the latest census figures, the American top-earners received 4.9 percent of the income generated in the U.S. while the workers below the property line earn only a staggering 3.4 percent.

The used a tool which is called the intertional to measure the inequality. And the bureau found out it is at its highest level since 1967. The U.S. also has the greatest income inequality among Western nations.

A different measure, the international Gini index, found U.S. income inequality at its highest level since the Census Bureau began tracking household income in 1967. The U.S. also has the greatest disparity among Western industrialized nations.

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