S E20: Inequality - Understanding the Gap between Rich and Poor
Think Like An Economist
Introduction
Inequality is our topic today on Think Like an Economist. In 2019, in the United States, the poorest one-fifth of households had an average income of only $15,000. Last year, the richest fifth took home more than half of all income in the US compared to the poorest fifth, which only had 3%. Income inequality is rising in the U.S., and it's also rising in other countries as well.
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