by Marc Chandler
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It shows how much money one needs to earn to be in the top 1% of the state's income earners. There is great variance. Connecticut has the highest threshold of $678k. Arkansas has the lowest threshold at $228k. That is a third of Connecticut.
The Economic Policy Institute finds that income equality grew in every state. In 2012, which is the most recent data, income inequality was the greatest in New York and Connecticut. In both states the income of the top 1% was 48-times the income of the 99th percentile. The concentration of financial activity is the obvious suspect.
Disclaimer
He has been covering the global capital markets in one fashion or another for more than 30 years, working at economic consulting firms and global investment banks. After 14 years as the global head of currency strategy for Brown Brothers Harriman, Chandler joined Bannockburn Global Forex, as a managing partner and chief markets strategist as of October 1, 2018.
Tags: Great Graphic,Income inequality
