GC Study Shows Increased Income Concentration Among Top-Earning U.S. Households
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- GC Study Shows Increased Income Concentration Among Top-Earning U.S. Households
A new Graduate Center study shows that household income is becoming even more concentrated among the high-earning households in the United States, while poorer households are experiencing no measurable gains.
The study, conducted by the Center for Latin American, Caribbean and Latino Studies (CLACLS), found that the wealthiest 20 percent of households controlled 48 percent of total income in 2010, up from 44 percent in 1990. In contrast, the poorest 20 percent of households controlled 4 percent of the total income in 2010, unchanged from 1990.
“The analyzed data provide unmistakable evidence that wealthiest became increasingly wealthier between 1990 and 2010 and that the process of wealth concentration was evident within each major race/ethnic group in the United States,” said Laird W. Bergad (Lehmann), director of CLACLS and a Distinguished Professor of History at the Graduate Center.
The study also showed increased income concentration among the top-earning households of each major race and ethnic group. Asian households had the highest median incomes of all ethnic groups. Median household incomes were lowest among non-Hispanic black households, followed by Latino households.
The researchers used data from the American Community Survey PUMS (Public Use Microdata Series) released by the Census Bureau and reorganized for public use by the Minnesota Population Center of the University of Minnesota.
Read more about the study.
Submitted on: DEC 11, 2014
Category: Center for Latin American, Caribbean, and Latino Studies | General GC News | History