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For the United States overall, the top 1 percent captured Even when our estimates of each threshold are lower than the next-higher threshold in other words, the 90th percentile is lower than the 95th percentile, and so on , errors can still arise in our calculation of the average incomes that lie between those percentiles. Hispanic or Latino of any race were 1. There were housing units at an average density of

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Kochan and Stephen R. Rising inequality is not just a story of those in the financial sector in the greater New York City metropolitan area reaping outsized rewards from speculation in financial markets. Finally, the 50 states are ranked, from highest to lowest, according to the income threshold required to be considered part of the top 1 percent. Most commonly used house heating fuel: While incomes at all levels declined as a result of the Great Recession, income growth has been lopsided since the recovery began in ; the top 1 percent captured an alarming share of economic growth while enjoying relatively high income growth.

Hospitals and medical centers near St. As the figure makes clear, prior to the mid- to late s, the share of growth captured by the top 1 percent was much smaller than in each of the expansions since Notably, although taxes and transfers do reduce inequality at any point in time, changes in the distribution of taxes and transfers between and led to an increase in inequality.

A detailed discussion of this technique can be found in Piketty