Increased Gap in Wealth Distribution between Rich & Poor under Trump Admin.

The gap between the rich and the poor in the US has widened to a record high, and it mirrors the growth of 'dynastic wealth' . U.S. Census Bureau, Sept 2019.

In 2019 Income inequality in U.S. is at a five-decade high, Census ...


The growth in income in recent decades has tilted to upper-income households. At the same time, the   U.S. middle class , which once comprised the clear majority of Americans, is shrinking. Thus, a greater share of the nationís aggregate income is now going to upper-income households and the share going to middle- and lower-income households is falling. 9 The share of American adults who live in middle-income households has decreased from 61% in 1971 to 51% in 2019.

Pew Research Center- Trends in Wealth Inequality .

  Major Transfer From the Middle Class to the Wealthy though Government Policy


Federal tax and spending policies are worsening the problem of economic inequality. But the tax breaks that overwhelmingly benefit the wealthy are only part of the problem . The increasing diversion of government spending toward income supports and away from opportunity-building programs also is undermining wealth inequality.


Income growth has been most rapid for the top 5% of families.

The wealth of other U.S. families is yet to recover from the Great Recession of the Bush years.


  In 2018, households in the top fifth of earners (with incomes of $130,001 or more that year) brought in 52% of all U.S. income, more than the lower four-fifths combined, according to Census Bureau data.


Income inequality in the U.S. is the highest of all   the G7 nations , according to data from the   Organization for Economic Cooperation and Development .


The black-white income gap in the U.S. has grown over time


Overall, 61% of Americans say there is too

much economic inequality in the country today, but views differ by political party and household income level.