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Which US Cities Have The Highest Income Inequality?
Zero Hedge ^
| Tyler Durden
Posted on 05/10/2014 10:56:57 AM PDT by SeekAndFind
Atlanta, Georgia suffers the greate income inequality of any city in the US - closely followed by New Orleans. According to Bloomberg, which ranked 300 U.S. cities with populations of at least 100,000 based on their level of income inequality and identified the 50 with the greatest inequality. What is stunning is that while top-down many are focused on the widening gap overall, in these 2 cities alone, over one-quarter are in poverty (earn less than $4,020), while 60% are in the nation's top quintile for household income. Interestingly, the median income does not correlate well with the inequality.
Income Inequality of the worst 50 cities in the US...
And (in the same order) the median household income...
Methodology (via Bloomberg)
The Gini coefficient, which is calculated by the Census from household income share by quintiles, was used to measure distribution of wealth. It ranges from zero, which reflects absolute equality, to one, complete inequality.
The average score for the United States was 0.4757. In 2013, a person living alone making less than $11,490 was classified as in poverty. The threshold increased by $4,020 for each additional household member.
TOPICS: Business/Economy; Society
KEYWORDS: income; inquality
not to worry! barrys working on another new campaign to cure this issue once and for all!!
posted on 05/10/2014 11:00:12 AM PDT
( "Never, never, never give up". Winston Churchill)
Atlanta, Georgia suffers the greate income inequality of any city in the US - closely followed by New Orleans.
Well, golly gee-whiz, I wonder what those two cities have in common? Hmm, Hmmm ...
Fifty years of ignoring all paths to success; 50 years of taking from society and now we're supposed to give a damn?
I don't think so.
posted on 05/10/2014 11:05:00 AM PDT
I’ll bet that there’s precious little “income inequality” in Camden, New Jersey.
posted on 05/10/2014 11:28:25 AM PDT
by Slings and Arrows
(Richard Warman censors free speech.)
meanwhile, a stat not being hilighted..
when 0bama assumed office in jan 2009, the average household income was a bit over $55,000
this chart shows that number has dropped by more then 20% to less then $45,000 !!!
how’s that change working for ya?
are we in Detroit yet?
posted on 05/10/2014 11:34:19 AM PDT
(fighting tyranny never goes out of style)
To: Slings and Arrows
I like the comment at the site that says “income inequality equals freedom.”
We don’t want all incomes the same. Risks and hard work should give more incentive and more money. For a vibrant economy we do need freedom and chances to better oneself through work and even luck.
Life isn’t fair and probably shouldn’t be.
posted on 05/10/2014 11:42:40 AM PDT
No life isn’t. Fair is a weather report, and newsflash to all those enraged at income inequality.. it’s been this way for a loooooong time. We should be talking about OUTPUT INEQUALITY, but were not. I can only assume that income inequality is about GETTIN MONEY as opposed to EARNING IT
posted on 05/10/2014 11:51:19 AM PDT
(if your gonna be dumb, you better be tough.)
posted on 05/10/2014 11:53:58 AM PDT
by Slings and Arrows
(Richard Warman censors free speech.)
What is the annual income of Gibsmedat households after government benefits are added to the $0-4,500 (or more in unreported cash) that might be earned from work? The answer might reveal why so many of these rock-solid Democrats are content not to work. In a world devoid of any objective standard of right and wrong, why should they work?
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posted on 05/10/2014 11:57:11 AM PDT
(May we always be happy and may our enemies always know it. - Sarah Palin, 10-18-2010)
Far better if the mass media would ask “ which cities provide the greatest economic opportunities for people to improve their financial status?” At least it would be a question consistent with American values. Which is why the mass media doesn’t discuss it, of course.
posted on 05/10/2014 12:31:56 PM PDT
((Brilliant, Profound Tag Line Goes Here, just as soon as I can think of one..))
I was going to color the bars of all the liberal controlled cities blue and the conservative ones red, but someone beat me to it :)
posted on 05/10/2014 12:39:37 PM PDT
(Operating out of weakness? Imagine if he was working from a position of strength!)
I forgot where I heard it but “fair is what God gets”
All these top income inequality cities are plantation mindset cities. The wealthy few slumlords lookin’ out for the helpless minorities as long as they keep voting democrat. Of course the gated communities keep a safe distance from the cities they rule over.
And I am 100% aware this study is nothing more than propaganda to pass more progressive policies.
posted on 05/10/2014 1:51:18 PM PDT
A city’s job is to create tax incentives and infrastructure that encourages new business and private sector jobs. Create the private sector jobs, and forget socialist nonsense like income equality.
posted on 05/10/2014 2:41:14 PM PDT
Without reading it, off the top of my head I would guess places where leftleaning politicians have been in charge for a long time.
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