50 years ago, income inequality was severe in the U.S. It still is

Thursday, December 5, 2019 - 06:20 in Mathematics & Economics

Trends in inequality, Science News, December 6, 1969 — The share of the total national income going to the poorest 20 percent of the [United States] has increased very little in the past 20 years … only from 5.1 to 5.4 percent … between 1947 and 1967. The proportion of the low-earning group that is nonwhite has remained at about 21 percent, which is more than twice the proportion of nonwhite families in the country as a whole. And census figures reveal that a greater proportion of the bottom fifth … reside in the South. Update There’s still a wide gap between the haves and the have-nots in the United States. In 2018, the lowest-earning fifth of the population earned only about 3 percent of the nation’s total income, while the highest-earning fifth raked in about 52 percent.  Income disparities between racial groups have also endured, according to U.S. Census Bureau data. In...

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