Florida’s income inequality
The income gap between rich and poor is growing in America, and Florida is one of the states where the gap is widest.
among the highest in the U.S.
The rich in Florida made 2.8 times as much as the middle 20%, the third-largest gap in the country. Only Texas and Kentucky had larger disparities.
The gap between the richest 20% and the poorest 20% in Florida was the fifth largest in the country. The rich made 7.6 times as much as the poor.
The incomes of the poorest 20% of Florida families grew by an average of $2,460, or 19%, over the past 20 years. That’s about $123 a year. Meanwhile, the incomes of richest grew by $45,218, or nearly 63%. That’s about $2,260 a year.
Families in the middle saw their incomes rise 31.5%, or $10,139. That’s about $507 a year.
Check out the Florida fact sheet here.
Read the whole report by the Center on Budget and Policy Priorities and the Economic Policy Institute here.