Weak Economies Lead to Income Inequality
Charleston Daily Mail - The Center on Budget and Policy Priorities recently released a study showing widening inequality between the richest and poorest residents in each of these United States. Read
West Virginia ranked seventh in the nation for the largest growth in "income inequality" over the last several decades.
In the mid-2000s, the richest 20 percent had an average income of $134,464 - 8.4 times as much as the poorest 20 percent, with an average yearly income of $15,917.
In the late 1970s, the only 4.9 times as large.
"Extremely troubling," said Stuart Frazier, a policy analyst for the West Virginia Center on Budget and Policy.