15 ranging from 0 to 1 or from perfect equality to complete inequality the gini coefficient in the u s. According to the latest released census data the 2018 american community survey five year estimates the gini index of income inequality rose to 0 4822 up from 0 4815 is 2017.
From 1970 to 2018 the median middle class income increased from 58 100 to 86 600 a gain of 49.
Income inequality in america 2020. The share of american adults who live in middle income households has decreased from 61 in 1971 to 51 in 2019. Npr s steve inskeep talks to david wessel of the hutchins center at the brookings institution about rising income inequality amid the. Comparisons of income inequality across countries are often based on the gini coefficient another commonly used measure of inequality.
Stood at 0 434 in 2017 according to the organization for economic cooperation and development oecd. Of income and wealth in america. Income and poverty in the united states.
By comparison the median income for upper tier households grew 64 over that time from 126 100 to 207 400. 2019 these tables present data on income earnings income inequality poverty in the united states based on information collected in the 2020 and earlier cps asec. 16 this was higher than in any other of the g 7.