Camp middlesex nj 2013
Our state data extend from 1917 to 2013, and our county and metropolitan area data are for 2013. Piketty, Thomas, Emmanuel Saez, and Gabriel Zucman. “Distributional National Accounts: Methods and Estimates for the United States since 1913.” Presentation to the 2016 Allied Social Science Associations annual meeting, San Francisco, Calif., Jan. To remain consistent with the most current national data from Piketty and Saez, all figures are in 2014 dollars. What we can do to fix the problem: The rise of top incomes relative to the bottom 99 percent represents a sharp reversal of the trend that prevailed in the mid-20th century.Between 19, the share of income held by the top 1 percent declined in every state except Alaska (where the top 1 percent held a relatively low share of income throughout the period).
While these forms of nontaxable compensation have been growing over time, their exclusion does not materially close the growing gap we observe between the vast majority of people and the highest earners in our economy.4 Piketty and Saez’s groundbreaking 2003 study, now more than a decade old, increased attention to the body of work compiled since the 1980s documenting rising inequality in the United States.While New York and Connecticut are the most unequal states (as measured by the ratio of top 1 percent to bottom 99 percent income in 2013), nine states, 54 metropolitan areas, and 165 counties have gaps wider than the national gap.In fact, the unequal income growth since the late 1970s has pushed the top 1 percent’s share of all income above 24 percent (the 1928 national peak share) in five states, 22 metro areas, and 75 counties.While economic inequality has been one of the hottest topics this presidential campaign season, much of the focus has been on the fortunes of the top 1 percent at the national level.
This report, our third annual such analysis, uses the latest available data to examine how the top 1 percent in each state have fared over 1917–2013, with an emphasis on trends over 1928–2013.(Data for additional percentiles spanning 1917–2013 are available at org/unequalstates2016data.) This third edition includes two new elements: We examine top incomes by metropolitan area and county in 2013.