The Briefing Room

General Category => Economy/Business => Topic started by: Gazoo on March 14, 2014, 05:19:05 pm

Title: Study: Income Inequality Greater, Growing Faster in Blue States
Post by: Gazoo on March 14, 2014, 05:19:05 pm

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(http://cnsnews.com/sites/default/files/imagecache/lightbox/images/Blue%20states%20red%20states%20AP%20graphic.jpg)

March 12, 2014 - 12:15 PM
By Barbara Hollingsworth

(CNSNews.com) –  President Obama has said that reducing the growing gap between high and low income earners is one of his top domestic priorities. But a new study finds that residents of states that voted for Obama in 2012 “are experiencing more income inequality than people in other states.”
“Income inequality is worse in blue states, and has also grown more quickly in those areas over the past 10 years,” according to the study, entitled “Blue states have the income-inequality blues,” by Richard Barrington, senior financial analyst at MoneyRates.com.

CNSNews.com previously reported that a Brookings Institute study found that the highest levels of income inequality in the nation were in large cities that overwhelmingly voted for President Obama’s reelection in 2012.

States that voted for Obama also tend to have higher levels of income inequality, according to Barrington, who looked at 10 years of data from the Bureau of Labor Statistics and compared wages between the top and bottom 25th percentiles in all 50 states and the District of Columbia