Inequality in the USA…?

“The poor you will always have with you, but you will not always have me.”
~Matthew 26:11~

Alas, those were the words of Jesus and not reflect the redistributive instincts of government officials!
In terms of the most important measure of inequality, consumption/expenditures, there has NOT been an explosive increase in inequality in the USA.

Households in the top income quintile (top 20%) accounted for 37% of total consumption spending while households in the bottom quintile accounted for 10% of total spending in 1984.

As such, the ratio of top-to-bottom consumption was about 3.8 & increased to 4.4 in 2010.

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About christopher

Content of "Natural Order" attempts to reflect the commitment of Universidad Francisco Marroquin to support the development of a society of free & responsible individuals. The principal commentator for this blog is Christopher Lingle.

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