The Increasingly Unequal States of America: Income Inequality by State, 1917 to 2012 | Economic Policy Institute

The Increasingly Unequal States of America: Income Inequality by State, 1917 to 2012 | Economic Policy Institute



  • The states in which all income growth between 2009 and 2012 accrued to the top 1 percent include Delaware, Florida, Missouri, South Carolina, North Carolina, Connecticut, Washington, Louisiana, California, Virginia, Pennsylvania, Idaho, Massachusetts, Colorado, New York, Rhode Island, and Nevada.

Lopsided income growth inMissouriOn average, income in Missouri grew 31.9% between 1979 and 2007.Good thing for everybody, right? Not quite. The top 1% snared a disproportionate share of that growth—42.5%. So their massive income growth far eclipsed income growth of the bottom 99%, whose raise was meager when you divide it over three decades.And unfortunately the Great Recession was no great leveler: The top 1% is recovering, but the bottom 99%'s income has actually gone down in the so-called recovery.Thus, the lopsided income growth from 1979 to 2007 extended through 2012.Due to this extended period of lopsided income growth, the share of all income held by the top 1% in recent years has approached or surpassed historical highs.
The upshot of these trends? A lopsided Missouri economy, where top 1% average income is 24 times greater than the average income of the bottom 99%.

Income threshold of top 1% and top .01%, and average income of top .01%, U.S. and by state and region, 2012


29Missouri$309,262$6,785,160$21,599,281


In July 2015, Dr. David McGehee will earn $306,735 (salary this year $282,831, next year $294,463). He will be overseeing about 17,500 or so students. That is about .031% of the students Dr. Deasy oversees. He can also buy back 15 unused vacation days at his daily compensation at perhaps as high as (guesstimate $282,831 divided by 231 days worked) $1,221 per day.

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