Income inequality increased dramatically between 1979 and 2007, when a global financial crisis rocked not just the U.S. but the entire world. But maybe things have turned around since then? No. Just take a look at what happened in 2011:
The data from the above chart was culled from a September 2012 report by the U.S. Census Bureau, of which the primary findings were:
- Real [that means inflation-adjusted] median household income declined between 2010 and 2011, a second consecutive annual decline.
- The poverty rate in 2011 was not statistically different from 2010.
- Both the percentage and number of people without health insurance decreased between 2010 and 2011.