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Friday, January 31, 2014

Income Inequality Hits African-American Women Particularly Hard - Jamie Chandler (


African-American Women Hit Hardest By Income Inequality


January 28, 2014 RSS Feed PrintComment ()Tweet

One theme President Obama's State of the Union Address will cover tonight is income inequality.  That widening chasm between the wealthy and middle-class: a divide that has been a boon to nation's top earners, and bust for everyone else.

Since 2007, the 1 percent captured 95 percent of the income gains. They earn a median salary of $1.2 million per year, and have an average net worth of $16.4 million. The middle class saw only a 20 percent growth in their incomes. Their 2013 median income was $53,000, but their net worth dropped from a high of $75,000 in 1983 to $55,000 today."

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