Report: Miami number two nationally in largest gap between rich and poor
A new report shows that the Miami-Fort Lauderdale-Pompano Beach metro area has the second highest income inequality in the country; the region is second only to New York City. The new report from the U.S. Census Bureau , which was released on Wednesday, analyzed which cities had the biggest gaps between the rich and the poor
Jul 31, 2020861.7K Shares13.2M Views
A new report shows that the Miami-Fort Lauderdale-Pompano Beach metro area has the second highest income inequality in the country; the region is second only to New York City.
The new report from the U.S. Census Bureau, which was released on Wednesday, analyzed which cities had the biggest gapsbetween the rich and the poor.
Florida as a whole ranks “as the fifth-worst state in the nation on a measure of income inequality,” the Gini Index, according to the Florida Center for Fiscal and Economic Policy. U.S. income inequality has also been rising.
Mother Jonesreportedearlier this month that “equality” in income remains one of the most important “economic drivers.”. The report* Jones* cited explained that “making an economy’s income distribution 10 percent more equitable prolongs its typical growth spell by 50 percent.”
Poverty and unemployment have been persistent problems in Florida, including in the Miami-Dade and Broward area. Many of Florida’s largest cities are struggling to reboundfrom the recession. Miami, in particular, was among the 20 weakest-performing cities in the country in the struggle to recover from the recession.
As Occupy Miami supporters protest in solidaritywith Occupy Wall Street, income inequality remains one of the movement’s most talked about issues.
Paolo Reyna
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Paolo Reyna is a writer and storyteller with a wide range of interests. He graduated from New York University with a Bachelor of Arts in Journalism and Media Studies.
Paolo enjoys writing about celebrity culture, gaming, visual arts, and events. He has a keen eye for trends in popular culture and an enthusiasm for exploring new ideas. Paolo's writing aims to inform and entertain while providing fresh perspectives on the topics that interest him most.
In his free time, he loves to travel, watch films, read books, and socialize with friends.
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