The breakdown comes from the left-of-center Washington think tank the Economic Policy Institute, which looked at Internal Revenue Service tax data. It found that the incomes of the one percent grew faster than the incomes of the 99 percent in 49 states between 2009 and 2012. In 39 states, the majority of the income gains went to the one percent. And in 17 states, the one percent captured all of the income growth since the recession.
New York Magazine
January 27, 2015
The Economic Policy Institute, a left-leaning think tank in Washington, D.C., published a new report Monday that looked at the trends in inequality over the past 95 years. The authors, Estelle Sommelier and Mark Price, also broke down income statistics geographically, looking at how much money a person must make in each state to enter into the top 1 percent. In Connecticut, for instance, a person must make nearly $700,000 to be in the top 1 percent. In Arkansas, it’s just $228,000.
The New Republic
January 27, 2015
A new report from the Economic Policy Institute demonstrates as much. In the vast majority of US states, the top 1 percent of earners captured at least half of the income gains during the first three years of the economic recovery. In seventeen states, the 1 percent raked in all of the income growth.
The Nation
January 27, 2015
On Monday, the Economic Policy Institute issues a report, “The Increasingly Unequal States of America,” that offers a new look at income inequality in states and regions of the U.S. According to the report, the average income among the top 1 percent of earners is $1.3 million a year. (Note: income includes pre-tax wages, salary, bonuses, employee compensation via asset transfer [e.g., 401k contributions or stock option grants], and investment income such as dividends, interest and capital gains; most recent income data in the report is for 2012.)
Marketplace
January 26, 2015
Huffington Post
January 26, 2015
The Guardian
January 23, 2015
The Washington Post
January 22, 2015
Boston Globe
January 22, 2015
Los Angeles Times
January 22, 2015
The New York Times
January 21, 2015
The New York Times
January 21, 2015
Politico
January 21, 2015
The Washington Post
January 20, 2015
Associated Press
January 20, 2015
US News and World Report
January 20, 2015
MSNBC.com
January 20, 2015
Politico
January 16, 2015
The Washington Post
January 15, 2015
The Atlantic
January 15, 2015
The Washington Post
January 14, 2015
Associated Press
January 13, 2015
Wage stagnation has been a persistent problem for low- and middle-income workers. “Since the late 1970s, wages for the bottom 70 percent of earners have been essentially stagnant, and between 2009 and 2013, real wages fell for the entire bottom 90 percent of the wage distribution,” Lawrence Mishel of the liberal Economic Policy Institute wrote in a paper published this month.
The Washington Post
January 12, 2015
The Associated Press
January 12, 2015
The Washington Post
January 12, 2015
Christian Science Monitor
January 12, 2015
Wall Street Journal
January 12, 2015
The New York Times
January 9, 2015