The United States the world’s richest country it is also one of the most unequal 40 million people live in poverty that’s around 12 percent of the population it has the highest poverty rate in the rich world and three men own as much wealth as the bottom half of the population the good news is that poverty has decreased over.
The past two years but income inequality has increased resulting.
The rich and the poor although the cost of living varies from state to state the poverty line is currently set at an annual household income of twenty five.
Thousand one hundred dollars for a family of four the wealthiest states are coastal with the south having a higher concentration of poorer States in Mississippi around 20% of people live below the poverty line that’s the highest percentage of any state in the country in New Hampshire it’s less than half that California and Missouri.
Have run the same percentage where as poverty in neighboring Virginia and West Virginia is pulls apart poverty rates can wildly vary between towns within states take Paris Texas which has a rate of 41 percent while in neighboring Reno it’s just 3 percent the wealth divided can also be seen fluctuating between blocks and even streets in different blocks on separate sides of Ocean Parkway in Brooklyn New York the poverty rate is.
Six times that of the other poverty in America is not.
Only geographical it’s also racial african-americans are more than twice as likely to live in poverty than white Americans but it’s Native Americans who have the highest poverty rate of any race in the country and this is even higher for those who live on reservations poverty declined in the majority of states in 2017 income growth welfare programs or more jobs have led to the decline but if the income of the top 1%.
Continued to grow faster than those of the other 99% the gap between the rich and the poor will continue to widen.