Census Bureau Says Income Inequality Is The Highest In 50 Years

The transcript discusses the rise of income inequality in the US, reaching its highest level in 50 years despite economic growth and low unemployment. The income gap widened in nine states, while the median household income showed little change. The poverty rate decreased nationally and in major metro areas. The Gini index, a measure of income inequality, increased, with factors like stagnant wages and tax policies contributing. Politicians like Bernie Sanders and Elizabeth Warren propose taxing the wealthy to address the issue.

Which of the following states experienced a significant increase in the income gap?

• Florida

• California

• Ohio

• Nevada

What was the median US household income last year?

• $70,000

• $60,000

• $63,000

• $65,000

Which major US cities saw a decrease in the poverty rate?

• Houston, Dallas, and Miami

• New York City, Los Angeles, and Chicago

• San Francisco, Seattle, and Boston

• Atlanta, Denver, and Phoenix

What does a Gini index score of 1 indicate?

• Perfect equality

• Perfect inequality

• No inequality

• Moderate inequality

What is one proposed solution by politicians to address income inequality?

• Increase minimum wage

• Tax the wealthiest Americans

• Reduce corporate taxes

• Eliminate social welfare programs