Income inequality getting worse in urban areas

Income inequality has surged in the United States over recent decades, surpassing its previous peak in the 1920s. In 2016, the average income among the bottom 24.9 million households was $21,000. Meanwhile, the top 1%, or 1.2 million households, earned an average household income of $1.8 million. These disparities have become a central issue for…

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