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Household incomes vary widely across the U.S., creating a new kind of inequality

Household incomes vary widely across the U.S., creating a new kind of inequality

Post-pandemic America has seen inflation grow rapidly, along with household income inequality. According to a recent study published by the Economic Policy Institute (EPI), household incomes have decreased for the average American since 2019 and vary widely by state. (Income is defined as earnings plus Social Security, dividends, interest, etc.) For example, southern states like Louisiana, Alabama, Mississippi, and Arkansas saw a median income of $55,000 or less in 2021, whereas Maryland… Source link

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