Bernstein, Jared
Description
Despite the strong economic growth and tight labor markets of recent years, income disparities in most states are significantly greater in the late 19
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90s than they were during the 1980s. This trend, however, varies by state. This analysis examines trends in income inequality in each of the 50 states over the past 2 bus. cycles. Income inequality increased in all states but 4 over the last 2 decades; the gap between high-income families and the poor and middle-class is wide; and the economic prosperity of the 1990s has not been shared equally. The report identifies the causes of rising inequality, and shows how states can choose a different course. Illus.
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