Income Inequality – Washington DC

Income inequality gap in D.C. one of nation’s widest, By Carol Morello, March 7, 2012, Washington Post: “The District has one of the highest levels of income inequality among the nation’s cities, with the top fifth earning on average 29 times the income of the bottom fifth. Only Atlanta and Boston showed higher levels of income inequality in 2010, according to an analysis of census data by the DC Fiscal Policy Institute. Driving the gap is the enormous gulf between a sliver of top earners and a mass of households with paltry incomes. According to the analysis, the top 5 percent of households in the District averaged $473,000 a year, far above the $292,000 averaged by their counterparts in other large cities…”