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U.S. Income Inequality Has Never Been Greater, Census Data Shows - ABI

Income inequality in the United States has hit its highest level since the Census Bureau started tracking it more than five decades ago, according to data released yesterday, even as the nation’s poverty and unemployment rates are at historic lows, the Washington Post reported. The gulf is starkest in wealthy regions along both coasts such as New York, Connecticut, California and Washington, D.C., as well as in areas with widespread poverty, such as Puerto Rico and Louisiana. Equality was highest in Utah, Alaska and Iowa. And while the nation is in the midst of its longest economic expansion, nine states saw spikes in inequality from 2017 to 2018: Alabama, Arkansas, California, Kansas, Nebraska, New Hampshire, New Mexico, Texas and Virginia. ABI

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