Report Ranked Missouri for Gap Between Rich and Middle Class

6 years 6 months 1 week ago Friday, November 16 2012 Nov 16, 2012 Friday, November 16, 2012 4:57:00 AM CST November 16, 2012 in News
By: Cody LaGrow
loading

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
ROCHEPORT – Severe flooding is happening across mid-Missouri and in Rocheport the flooding is leaving a finacial impact on businesses.... More >>
12 hours ago Saturday, May 25 2019 May 25, 2019 Saturday, May 25, 2019 7:57:00 PM CDT May 25, 2019 in News
ELDON - Married couple and business partners Jennifer and Jeremy Hart are counting their blessings after the historic motel they... More >>
16 hours ago Saturday, May 25 2019 May 25, 2019 Saturday, May 25, 2019 4:33:00 PM CDT May 25, 2019 in News
COLUMBIA - Twenty years after the Columbine High School shooting, many parents have only tepid confidence in school safety, according... More >>
17 hours ago Saturday, May 25 2019 May 25, 2019 Saturday, May 25, 2019 3:16:00 PM CDT May 25, 2019 in News
JEFFERSON CITY - The Jefferson City Police Department released an official request for volunteers Saturday morning following Wednesday's EF-3 tornado.... More >>
18 hours ago Saturday, May 25 2019 May 25, 2019 Saturday, May 25, 2019 1:56:00 PM CDT May 25, 2019 in News
ELDON - Sen. Josh Hawley (R-MO) spent his Saturday touring the path of destruction Wednesday's tornadoes left behind. Hawley... More >>
19 hours ago Saturday, May 25 2019 May 25, 2019 Saturday, May 25, 2019 1:39:00 PM CDT May 25, 2019 in News
JEFFERSON CITY - The Jefferson City Police Department is investigating two incidents of alleged looting involving three individuals Friday afternoon... More >>
19 hours ago Saturday, May 25 2019 May 25, 2019 Saturday, May 25, 2019 1:18:00 PM CDT May 25, 2019 in News
JEFFERSON CITY - Neighbors in Jefferson City were already watching the Missouri River rise, but no one planned on an... More >>
1 day ago Friday, May 24 2019 May 24, 2019 Friday, May 24, 2019 11:42:00 PM CDT May 24, 2019 in News
COLUMBIA - According to the Callaway County Sheriff's Office, water was over the runways at Jefferson City Airport in Callaway... More >>
1 day ago Friday, May 24 2019 May 24, 2019 Friday, May 24, 2019 8:09:00 PM CDT May 24, 2019 in Coverage From Callaway
JEFFERSON CITY - Insurance companies will inspect and process claims for damaged homes over the weekend. Wednesday night's tornado badly... More >>
1 day ago Friday, May 24 2019 May 24, 2019 Friday, May 24, 2019 6:48:00 PM CDT May 24, 2019 in Continuous News
COLUMBIA - A man involved in a car crash on I-70 May 16 has died from his injuries. William... More >>
1 day ago Friday, May 24 2019 May 24, 2019 Friday, May 24, 2019 6:31:00 PM CDT May 24, 2019 in News
BOONE COUNTY - The Missouri River has completely overflowed its banks near the end of South Route N. near Ashland.... More >>
1 day ago Friday, May 24 2019 May 24, 2019 Friday, May 24, 2019 6:16:00 PM CDT May 24, 2019 in News
JEFFERSON CITY - Jefferson City is offering instructions on how to get rid of the debris created by Wednesday's tornado.... More >>
1 day ago Friday, May 24 2019 May 24, 2019 Friday, May 24, 2019 5:08:00 PM CDT May 24, 2019 in News
JEFFERSON CITY - Insurance agents are warning people hit by Wednesday's tornado to be careful about signing repair contracts. ... More >>
1 day ago Friday, May 24 2019 May 24, 2019 Friday, May 24, 2019 3:26:00 PM CDT May 24, 2019 in News
JEFFERSON CITY – Volunteers from all over Jefferson City are working to help those affected by the tornado. The... More >>
1 day ago Friday, May 24 2019 May 24, 2019 Friday, May 24, 2019 2:37:00 PM CDT May 24, 2019 in Top Stories
JEFFERSON CITY - Members from House of Refuge are keeping their faith after Wednesday's tornado completely destroyed their church. ... More >>
1 day ago Friday, May 24 2019 May 24, 2019 Friday, May 24, 2019 1:37:00 PM CDT May 24, 2019 in Top Stories
ROCHEPORT - The 11th annual Pedaler's Jamboree bike ride got a good start Friday, and Missouri River levels are falling.... More >>
1 day ago Friday, May 24 2019 May 24, 2019 Friday, May 24, 2019 10:47:00 AM CDT May 24, 2019 in News
JEFFERSON CITY (AP) — Missouri Gov. Mike Parson on Friday signed a bill that bans abortions on or beyond the... More >>
1 day ago Friday, May 24 2019 May 24, 2019 Friday, May 24, 2019 10:32:00 AM CDT May 24, 2019 in News
JEFFERSON CITY - Missouri Task Force 1 has deactivated from Jefferson City after an EF-3 tornado swept through the area... More >>
1 day ago Friday, May 24 2019 May 24, 2019 Friday, May 24, 2019 9:11:00 AM CDT May 24, 2019 in News
Columbia, MO
Broken Clouds 68°
9am 73°
10am 74°
11am 75°
12pm 77°