Featured Quote

In 1913, Henry Ford wrote the following as the directors had been reaping the rewards of profits - "The wages we pay are too small in comparison with our profits. I think we should raise our minimum pay rate".

Thursday, April 28, 2011

Worst Income Inequality

6. Mississippi
> Gini Coefficient: 0.470
> Median Income: $35,078 (Lowest)
> Households Earning $200,000+: 1.54% (Lowest)
> Population Living Below Poverty Line: 21.90% (Highest)
Mississippi has the greatest percentage of poor people in the nation, 21.9%.  The state has the greatest percentage of households making below $30,000 a year, 42.53%, and the smallest percentage of households making $200,000 or more, 1.54%.  Suffice it to say, poverty is a major issue in Mississippi and it is getting worse.  From 2007 to 2009, the state’s poverty rate increased from 20.6% to 21.9%.

Read more: The States With The Worst Income Inequality - 24/7 Wall St. http://247wallst.com/2011/04/21/the-states-with-the-worst-income-inequality/#ixzz1KpXPem35