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Study Finds Florida Has Fifth-Highest Income Inequality In America

Sue Elias
/
Flickr / Creative Commons

Florida ranks fifth for income inequality in the country, .

It looks at the gap between what the top 1 percent and what the bottom 99 percent make nationwide.

Florida鈥檚 top earners take home almost 35 times as much money as the rest. 

helped write the report. Price said one reason Florida has so much income inequality is because wealthy people want to live here.

He also said wages are not growing in the years following the Great Recession.

鈥淭hat has helped contribute a lot to the desperation that workers face,鈥 he said. 鈥淭hey may find jobs; they鈥檙e just not likely to see their wages rise a lot over time.鈥

Price said raising the minimum wage to correspond with increasing prices is one way to help reduce income inequality.  

is the third most unequal region in the country. The top 1 percent makes about 73 times more than the bottom 99 percent there.

Copyright 2020 WGCU. To see more, visit .

Topher is a reporter at WGCU News.
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