welcome
About us
Newsletter
News Widget
Media Inquiries

Summary

Wealth Concentration Shifts in U.S

This is a U.S. news story, published by MSN.

U.S. news

For more U.S. news, you can click here:

more U.S. news

News about inflation

For more inflation news, you can click here:

more inflation news

MSN news

For more news from MSN, you can click here:

more news from MSN

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like this article about inflation, you might also like this article about

wealthier communities

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest wealthiest communities today news, wealthy communities news, news about inflation, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

mapping household wealth
PsyPost

PsyPost

•

Business

Business & Economics

Wealth inequality reaches new heights: What the data says about America’s future

PsyPost
Summary
Nutrition label

88% Informative

New analysis reveals where wealth is most concentrated within and between communities, cities and states.

The wealthiest cities in the U.S. are now almost seven times richer than the poorest regions.

The expansion of wealth inequality is a challenge to the American Dream: the notion that, with hard work, opportunity and prosperity are accessible to all.

The most unequal places were likely to have larger populations of African Americans , Hispanics and other people of color.

By 2020 , gaps in average wealth levels were about 60% higher than equivalent income gaps.

This appears to be driven by the changing economic fortunes of cities.

Changing federal tax policies have also favored the affluent at the expense of regular Americans .

VR Score

94

Informative language

96

Neutral language

41

Article tone

semi-formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

medium-lived

External references

32

https://www.hoover.org/research/long-shadows-slavery-and-jim-crow-uncovering-economic-impact-black-americanshttps://doi.org/10.3886/E192306https://www.forbes.com/real-time-billionaires/#61e399543d78https://www.schoolfinancedata.org/https://www.britannica.com/topic/American-Dreamhttps://www.census.gov/programs-surveys/decennial-census.htmlhttps://doi.org/10.1093/qje/qju022https://academic.oup.com/cjres/article-abstract/17/1/37/7286403https://doi.org/10.1038/s41597-024-03059-9https://www.census.gov/programs-surveys/geography/guidance/geo-areas/pumas.htmlhttps://doi.org/10.1056/nejmms2209521https://doi.org/10.7758/rsf.2021.7.3.01https://doi.org/10.1093/qje/qjy028https://doi.org/10.1017/S0022381608090105https://www.census.gov/topics/income-poverty/wealth.htmlhttps://books.google.com/books/about/The_Triumph_of_Injustice_How_the_Rich_Do.html?id=_iSfDwAAQBAJhttps://doi.org/10.1257/jep.34.4.3https://www.bls.gov/opub/mlr/2018/beyond-bls/the-fall-of-employment-in-the-manufacturing-sector.htmhttps://munkschool.utoronto.ca/person/tom-kemenyhttps://www.federalreserve.gov/econres/scfindex.htmhttps://doi.org/10.1001/jamainternmed.2017.3903https://doi.org/10.7758/RSF.2016.2.6.01https://doi.org/10.1093/cjres/rsx024https://nces.ed.gov/nationsreportcard/https://www.aeaweb.org/articles?id=10.1257%2Fpol.5.4.167&ref=akusion-ci-shi-dai-bizinesumedeiahttps://doi.org/10.1080/00130095.2023.2244111https://doi.org/10.1073/pnas.1102493108https://www.census.gov/programs-surveys/acshttps://theconversation.com/soaring-wealth-inequality-has-remade-the-map-of-american-prosperity-228377https://onlinelibrary.wiley.com/doi/10.1111/ajps.12227https://doi.org/10.1007/s11187-016-9742-9https://theconversation.com

Source diversity

15

www.hoover.orgdoi.orgwww.forbes.comwww.schoolfinancedata.orgwww.britannica.comwww.census.govacademic.oup.combooks.google.comwww.bls.govmunkschool.utoronto.cawww.federalreserve.govnces.ed.govwww.aeaweb.orgtheconversation.comonlinelibrary.wiley.com

Affiliate links

no affiliate links

Read full article