Wider Gap Separates Louisiana’s Richest from Poorest
Description: The Center on Budget and Policy Priorities says the gap between Louisiana's richest and poorest residents continues to get wider. The organization says the poorest 20-percent have an average income of about $16,900 a year. That's while the richest five-percent make $238,600 a year. The Center on Budget and Policy Priorities points out, the richest make 14.1 times more than than the poorest. The 20 -percent of Louisiana residents at the middle of the income scale make about $52,700a year. The income gap between the richest and poorest has been getting wider since the 1970s.
Louisiana is ranked sixth among the states with the largest income disparities. New Mexico has the worst track record.
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