"Income inequality dipped, more people had college degrees, fewer people moved to a different home and the share of Asian and Hispanic residents increased in the United States last year, according to figures released Thursday by the U.S. Census Bureau. These year-to-year changes, big and small, from 2023 to 2024 were captured in the bureau's data from the American Community Survey, the largest annual audit of American life. The survey of 3.5 million households asks about more than 40 topics, including income, housing costs, veterans status, computer use, commuting, and education."
"Income inequality - or the gap between the highest and lowest earners - in the United States fell nationwide by nearly a half percent from 2023 to 2024, as median household income rose slightly, from $80,002 to $81,604. Five Midwestern states - Iowa, Nebraska, Ohio, South Dakota and Wisconsin - had statistically significant dips, along with Georgia, Massachusetts, New Jersey, Oregon and Puerto Rico. North Carolina was the only state to see a statistically significant rise in inequality."
The American Community Survey collected responses from 3.5 million households on more than 40 topics, including income, housing costs, veterans status, computer use, commuting, and education. National income inequality fell nearly 0.5% from 2023 to 2024 while median household income rose from $80,002 to $81,604. Five Midwestern states — Iowa, Nebraska, Ohio, South Dakota and Wisconsin — plus Georgia, Massachusetts, New Jersey, Oregon and Puerto Rico had statistically significant declines in inequality. North Carolina experienced a statistically significant rise in inequality tied to growth in higher-paying jobs and the end of pandemic-era wage effects in lower-paying sectors. South Dakota saw a leading 4% drop. Educational attainment increased, residential mobility declined, and the shares of Asian and Hispanic residents grew.
Read at Boston.com
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