Infographic on income inequality in NC

November 27, 2012 at 9:52 am 1 comment

The Center on Budget and Policy Priorities and the Economic Policy Institute have released infographics illustrating the growing income inequality at the national level and within states. The infographic for North Carolina is posted below, and here are some of the takeaways of their analysis:

  • Nationally, in 2010 the average incomes of the wealthiest households were 8 times greater than incomes of the poorest households, and 2.7 times greater than incomes of middle households.
  • While incomes of the bottom fifth of households declined 6 percent between the late 1990s and mid-2000s, the top fifth of households saw their income rise by almost 9 percent. The middle fifth of households saw a modest increase of 1.2 percent during this time.
  • In North Carolina, the poorest 20 percent of households saw their incomes drop 3.7 percent, while the richest 20 percent saw their income increase 5.5 percent between the late 1990s and mid-2000s.
  • North Carolina is 17th among states with the highest income inequality.
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Entry filed under: Economic Development, Economy. Tags: , , .

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1 Comment

  • 1. Michael  |  December 1, 2012 at 5:29 pm

    If incomes of the average American don’t keep pace with GDP growth, then GDP growth must slow or the rich must consume more. Since the rich will never spend most of their earnings, high income inequality always leads a rise in debt levels, followed by a weak economy. This is what happened in the 1930’s and it’s also our main problem today.


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