The income inequality index increased 1.2% from 2020 to 2021, the first time the measurement known as the Gini Index has increased since 2011, according to a report on Current Population Survey results.
Kymme Williams-Davis, right, takes orders at the Bushwick Grind Caf she owns, Thursday Sept. 8, 2022, in New York. Williams-Davis has noticed a definite shift in customer demand since she's had to raise prices and switch to different types of goods to keep up with inflation.
Declines in household income among the poorest U.S. residents appears to have driven the widening of the income inequality gap. Households in the 90th percentile of the income distribution, the richest, had income that was 13.5 times higher than households in the 10th percentile, the poorest. That was a 4.9% increase from 2020.
However, people in households headed by someone age 65 or older, those with only some college education and households where family members didn't live together saw dips in their income from 2020 to 2021. Among the reasons was that the fixed income that many seniors are on didn't keep pace with rising inflation in 2021, and many of the “nonfamily” households were headed by women whose income lagged those headed by men.
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