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A new report finds that Ohio’s wealthiest one percent made on average 18.6 times more than the average income of all other Ohio families in 2015, before taxes and transfers. The national report, by economists Estelle Sommeiller and Mark Price, was published by the Economic Policy Institute. Using Sommeiller and Price’s data, Policy Matters Ohio released an Ohio-specific analysis. Nationally, the wealthiest one percent earned 26 times the average earner in the bottom 99 percent combined. The average earner in the top one percent of households in Ohio brought in more than $858,000 in 2015, while the average earner in the bottom 99 percent combined earned just $46,157. (whole story)
Circleville Heral July 25, 2018 -
One reason Democrat politicians talk a lot about inequality may be that Democrat-dominated states have much higher levels income disparity. Income inequality is higher in states that voted for Hillary Clinton in 2016 when measured by the average income of the top one percent against the average income of the bottom 99 percent, according to data from a new report by the Economic Policy Institute. For Clinton states, the top incomes were on average 23.6 times the average income for the other 99 percent. (whole story)
Breitbart July 25, 2018 -
The Economic Policy Institute recently released a new report assessing the impact to date of a series of state and local policies like Emeryville’s, requiring employers to provide predictable schedules to their employees, or leave enough time to sleep and commute between scheduled shifts, or offer extra hours to current employees before making new hires — collectively referred to as “fair workweek” laws. (EPI cited throughout)
Next City July 24, 2018 -
When it comes to income inequality, even the top 1 percent of earners in the U.S. stack up unevenly, according to a new report by the Economic Policy Institute. It costs the least in Mississippi, $254,362, to crack the top 1 percent of earners in the state, the think tank found after analyzing state incomes reported in the 2015 U.S. Census. They would need to make almost three times that amount to break into the 1 percent club in Connecticut where top earners make at least $700,800. (whole story)
CNBC July 24, 2018 -
What it means to be among the top 1 percent of earners in America depends a lot on where you live. For example, if you live in San Jose, California, your household would have to earn more than $1 million a year to join the 1 percent. If you live in Santa Rosa, California, which is about 100 miles north of San Jose, your household would have to bring in less than half that, $487,000 a year, to qualify. That’s according to a new Economic Policy Institute report that looks at income inequality in the U.S. by state, metro area and county. (whole story)
CNBC July 24, 2018 -
The trend of income inequality has accelerated across the U.S. since the 1970s, including in Washington state. A new report from the Economic Policy Institute delves into what has happened between the 1 percent income group and the bottom 99 percent in 2015 compared to previous years. The report relies on tax data from the Internal Revenue Service. The study provides plenty of data on what is happening with income inequality on a local level. Here are some of the basics: (whole story)
The Bellingham Herald July 24, 2018 -
A new report shows the average income of the top one percent of Kentuckians is more than 18.4 times greater than the average income of state residents. Income for the wealthiest one percent of earners in Kentucky was more than $719,012 in 2015, compared to an average income of almost $39,990 for all other Kentuckians. The report from the Economic Policy Institute shows from 2009 to 2015 the top one percent income grew 23.2 percent while everyone else’s income grew only 7.2 percent. Ashley Spalding is a senior policy analyst with the Kentucky Center for Economic Policy. (whole story)
WVXU July 24, 2018 -
Florida has the second highest level of income inequality in the country, according to a new ranking of states published by the Economic Policy Institute. The ranking is based on the ratio between the earnings of the top 1 percent in each state and the earnings of the other 99 percent. In Florida, the average earning of the top 1 percent is over $1.5 million, according to the Institute, while the average earning of the other 99 percent is just over $39,000. The North Port, Sarasota and Bradenton region ranked No. 12 in a list of the most unequal metropolitan areas in the country; the top 1 percent here earns $1.8 million on average, while the average income of the rest is $42,000. The state of New York was ranked as the most unequal state in the country.
Sarasota Magazine July 24, 2018 -
In Lawrence County, the average income of the bottom 99 percent was just under $37,000, compared to $472,200 by the top 1 percent The average annual income for the top 1 percent in Pennsylvania is more than 20 times that of the other 99 percent, while in Beaver County the top earners make 10 times the average income of the rest of the county, a new report states. (whole story)
Ellwood City Ledger July 24, 2018 -
The gap between the haves and have-nots has become significantly wider. According to a new study released by the Economic Policy Institute (EPI), the nation is facing a level of income inequality not seen in 90 years, and the situation is especially acute in New York and Connecticut. In 2015, the Internal Revenue Service determined that the top-earning households in the U.S. – the so-called “1 percent” – took home 22 percent of all income. The peak for this level of income disparity was in 1928, when the record share was 23.9 percent of income. But in the EPI report, titled “The New Gilded Age: Income Inequality in the U.S. by State, Metropolitan Area and County,” New York led the states with the top 1 percent holding a 31 percent share of income, followed by Florida at 28.5 percent and Connecticut at 27.3 percent. Among the nation’s major metro areas, the Bridgeport-Stamford-Norwalk corridor ranked fifth with the top 1 percent holding a 38.6 percent share of income. (whole story)
Westfair Online July 24, 2018