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February 25, 2021
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INCOME GAP
(2008-04-10)
(wgvu) - A NEW REPORT SAYS THE INCOME GAP BETWEEN
RICH AND POOR FAMILIES HAS GROWN IN MICHIGAN.
THE REPORT SAYS THAT THE WEALTHIEST 20 PERCENT OF MICHIGAN
FAMILIES HAVE AVERAGE INCOMES SEVEN TIMES LARGER THAN THE POOREST
20 PERCENT OF FAMILIES.
THAT'S CLOSE TO THE NATIONAL AVERAGE.
BETWEEN THE LATE 1980S AND MID-2000S, THE BOTTOM FIFTH'S AVERAGE
INCOME IN MICHIGAN GREW BY ABOUT 9 PERCENT.
THE TOP FIFTH'S INCOME GREW BY ABOUT 27 PERCENT.
THE REPORT IS FROM THE CENTER ON BUDGET AND POLICY PRIORITIES
AND THE ECONOMIC POLICY INSTITUTE.
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