We’ve heard a lot over the past four years about income inequality. The unequal distribution of wealth, and efforts to redistribute it more “fairly,” arguably have been the chief animating concerns of the Obama presidency, from tax laws to social-welfare policies.
With that in mind, I recommend the latest post by economist and blogger Mark J. Perry, who simply compiled census data to show what we know about the characteristics of U.S. household income. There’s a complete chart and fuller discussion of the data in his post, some of which echoes points I’ve made in the past about the correlation between marriage rates and poverty. I recommend reading the whole thing.
But in this space I want to touch on two other points he makes that ought to be blindingly intuitive, but aren’t always mentioned amid the heated rhetoric:
On average, there are significantly more income earners per household in the top income quintile households (2.03) than earners per household in the