The U.S. Census Bureau released updated statistics on income, poverty and health insurance this week. Unfortunately I’m somewhat swamped with schoolwork right, and while much has been written about the findings I thought I’d add my two cents in (surprise) chart form.
1) On the income gains from last year:
2) On whether or not raising taxes on those who make $250,000.00 or more a year would hit the middle class:
3) Curiously the Census writes that last year saw “the first time the Gini index has shown an annual increase since 1993,” without mentioning that the long-term trend has been on upward trajectory. In other words, income inequality (as measured by GINI) is continuing its historical ascent: