Sunday, December 21, 2008

Growing Income Gap among U.S. Families Suggests Increasing Economic Insecurity, Threat to Middle Class

News | American Sociological Association
December 17, 2008

Growing Income Gap among U.S. Families Suggests Increasing Economic Insecurity, Threat to Middle Class

WASHINGTON, DC — The incomes of American families with children have become increasingly stratified since 1975, with income inequality increasing two-thirds during a 30-year period, according to findings published in the December issue of the peer-reviewed science journal American Sociological Review.

“The gap between the ‘haves’ and the ‘have-nots’ is widening for families with children in the United States,” said Bruce Western, the study’s lead author and professor of sociology and director of the Multidisciplinary Program in Inequality and Social Policy at Harvard University. “Inequality for these families has grown faster than the combined rates of inequality for all families and for men’s hourly wages.”