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.

What was the median US household income last year?

What proposals have Bernie Sanders and Elizabeth Warren made regarding income inequality?