ERIC Number: ED274737
Record Type: RIE
Publication Date: 1986-Aug-6
Reference Count: 0
New Census Data Show Widening Income Gap between Wealthiest and Other Americans. $32 Billion a Year Shifted to Richest Households since 1980.
Center on Budget and Policy Priorities, Washington, DC.
According to Census Bureau data, the gap in after-tax income between the richest 20 percent of American households and the rest of the nation hit its widest point in 1984. The top fifth of U.S. households received 42.3 percent of all after-tax income that year, a gain largely at the expense of middle income households. Since 1980 the share of national after-tax income has dropped in every income fifth except the top one. The data also show that despite growth in total net income between 1983 and 1984, typical Black, Hispanic, and female-headed households still had less than in 1980. Two Census Bureau tables accompany this bulletin. (LHW)
Publication Type: Numerical/Quantitative Data; Reports - Research
Education Level: N/A
Authoring Institution: Center on Budget and Policy Priorities, Washington, DC.