Tuesday, December 30, 2014

US wealth gap between upper-income families and others is the widest on record

Thanks Martha Ann
US upper-income families have a median net worth that is nearly 70 times that of the country’s lower-income families, the widest wealth gap between these families in 30 years.
Upper-income families have about seven times the wealth of  middle oncome. Racial and ethnics differences are apparent. Part of the reason is that minimum wages have often stayed the same.

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