S E20: Inequality - Understanding the Gap between Rich and Poor
Think Like An Economist
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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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