Study: Pennsylvania Income Gap Grew During The Last Decade

Map of Pennsylvania (Photo credit: Wikipedia)

HARRISBURG, PA — Pennsylvania‘s richest citizens pulled away from the state’s poorest during the go-go 1990s, and that trend continued as the bottom began to drop out of the economy, a new study concludes.

Between the late 1990s and early 2000s, the annual incomes of the richest fifth of state households grew by 7.2 percent, or $11,190, to $269,400 while the poorest fifth saw their average income fall nearly 8 percent, or $1,907, to $23,000.

Income inequality also grew between upper and middle-income families in the state. Middle-income families saw their earnings rise by just 1.9 percent between the late 1990s, compared to 7.2 percent for the richest fifth and 11.2 percent for the richest 5 percent of households, the study concluded.

Read more:  http://www.mcall.com/news/nationworld/pennsylvania/mc-pa-income-disparity-20121116,0,7043436.story