Report Ranked Missouri for Gap Between Rich and Middle Class

3 years 10 months 1 week ago November 16, 2012 Nov 16, 2012 Friday, November 16 2012 Friday, November 16, 2012 4:57:00 AM CST in News
By: Cody LaGrow

COLUMBIA - A report released Thursday ranked Missouri seventh in the nation for having the largest growth in the gap between the rich and middle class.

Middle income households saw income fall by 4.6 percent while the top fifth saw their income rise by 6.9 percent from the late 1990s to the mid 2000s. This means the middle class earned $2,898 less each year while the top fifth earned $10,318 more each year.

The Center on Budget and Policy Priorities and the Economic Policy Institute conducted the report. The two organizations said the income of the richest fifth of households were 7.3 times larger than incomes of the poorest in the late 2000s. At the same time, the income of the richest five percent were 11.7 times larger than the poorest fifth.

The report blamed the rise in inequality on weak wage growth, government policies and expansion of investments.

To fix the problems, the report cited raising minimum wage, improving unemployment insurance programs and making tax systems more progressive. To look at the report in its entirety, click here.

More News

Grid
List
WARSAW (AP) — A 51-year-old Springfield man already in prison on drug charges has been sentenced to life in prison... More >>
1 hour ago September 24, 2016 Sep 24, 2016 Saturday, September 24 2016 Saturday, September 24, 2016 5:58:00 PM CDT in News
JOPLIN (AP) — A former Joplin police officer has pleaded guilty to a federal charge for offering to help a... More >>
1 hour ago September 24, 2016 Sep 24, 2016 Saturday, September 24 2016 Saturday, September 24, 2016 5:32:00 PM CDT in News
FULTON - Fulton Police arrested two siblings Saturday morning at a residence on the 900 block of Lyle Street. ... More >>
2 hours ago September 24, 2016 Sep 24, 2016 Saturday, September 24 2016 Saturday, September 24, 2016 5:20:00 PM CDT in News
COLUMBIA - A 41-year-old man was accused of beating his significant other with a hammer Friday, according to the Boone... More >>
3 hours ago September 24, 2016 Sep 24, 2016 Saturday, September 24 2016 Saturday, September 24, 2016 4:03:00 PM CDT in News
JEFFERSON CITY - The Old Munichburg Association brought the community out to celebrate German culture during Saturday's Oktoberfest. The... More >>
3 hours ago September 24, 2016 Sep 24, 2016 Saturday, September 24 2016 Saturday, September 24, 2016 3:52:00 PM CDT in News
COLUMBIA - MU Children's Hospital held a tailgate for the MU vs. Delaware State football game Saturday. With help... More >>
4 hours ago September 24, 2016 Sep 24, 2016 Saturday, September 24 2016 Saturday, September 24, 2016 3:15:00 PM CDT in Continuous News
KANSAS CITY, Mo. (AP) — A 25-year-old man was struck and killed after he got out of a vehicle stopped... More >>
4 hours ago September 24, 2016 Sep 24, 2016 Saturday, September 24 2016 Saturday, September 24, 2016 2:50:51 PM CDT in News
COLUMBIA - Missouri Tigers' quarterback Drew Lock threw for 402 yards and five touchdowns, including four to wide receiver J’Mon... More >>
5 hours ago September 24, 2016 Sep 24, 2016 Saturday, September 24 2016 Saturday, September 24, 2016 2:22:00 PM CDT in Sports
HAZELWOOD (AP) — St. Louis area police said injuries have been reported after a car hit people waiting for a... More >>
5 hours ago September 24, 2016 Sep 24, 2016 Saturday, September 24 2016 Saturday, September 24, 2016 1:51:48 PM CDT in News
COLUMBIA - This morning officers confirmed a report of shots fired in the area of Arlene Drive and Gillespie Bridge... More >>
6 hours ago September 24, 2016 Sep 24, 2016 Saturday, September 24 2016 Saturday, September 24, 2016 12:54:00 PM CDT in Top Stories
KANSAS CITY, Mo. (AP) — One person was killed when a vehicle plunged into a Kansas City area lake. ... More >>
7 hours ago September 24, 2016 Sep 24, 2016 Saturday, September 24 2016 Saturday, September 24, 2016 12:15:43 PM CDT in News
ROGERSVILLE (AP) — A 13-year-old Missouri boy who's mowing lawns for free for single mothers, senior citizens and the disabled... More >>
7 hours ago September 24, 2016 Sep 24, 2016 Saturday, September 24 2016 Saturday, September 24, 2016 11:30:43 AM CDT in News
KANSAS CITY (AP) — Republican presidential nominee Donald Trump tried unsuccessfully to buy a Kansas City casino in 1999, but... More >>
8 hours ago September 24, 2016 Sep 24, 2016 Saturday, September 24 2016 Saturday, September 24, 2016 10:50:02 AM CDT in News
COLUMBIA – Puppies with Purpose, a CHAMP Assistance Dogs, Inc. program gives puppies the opportunity to train to become assistance... More >>
10 hours ago September 24, 2016 Sep 24, 2016 Saturday, September 24 2016 Saturday, September 24, 2016 8:35:00 AM CDT in Top Stories
COLUMBIA - A 23-year-old man is accused of breaking into the MU Alpha Chi Omega sorority house Thursday. John... More >>
20 hours ago September 23, 2016 Sep 23, 2016 Friday, September 23 2016 Friday, September 23, 2016 10:40:00 PM CDT in News
COLUMBIA - A car and motorcycle collided at the intersection of Brown School Road and Highway 763 Friday evening. ... More >>
21 hours ago September 23, 2016 Sep 23, 2016 Friday, September 23 2016 Friday, September 23, 2016 9:53:00 PM CDT in News
JEFFERSON CITY - Two people told police they saw someone with a weapon on the 400 block of Brooks Street... More >>
23 hours ago September 23, 2016 Sep 23, 2016 Friday, September 23 2016 Friday, September 23, 2016 7:55:00 PM CDT in News
COLUMBIA - Teaching children about "the birds and the bees" can be an experience many parents dread. But a seminar... More >>
1 day ago September 23, 2016 Sep 23, 2016 Friday, September 23 2016 Friday, September 23, 2016 7:21:00 PM CDT in News
Columbia, MO
Broken Clouds 82°
8pm 82°
9pm 80°
10pm 79°
11pm 76°

Select a station to view its upcoming schedule:

Coming Up Next

7:00p
The Voice
9:00p
This Is Us
10:00p
KOMU 8 News @ 10
7:00p
Family Guy
7:30p
Family Guy
8:00p
Bob's Burgers

Tonight's Schedule

7:00p
The Voice
9:00p
This Is Us
7:00p
Family Guy
7:30p
Family Guy
8:00p
Bob's Burgers
8:30p
Bob's Burgers
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Seinfeld