July 21, 2016

Between 2009 and 2013, the top 1 percent captured 85.1 percent of total income growth in the United States, according to Income inequality in the US by state, metropolitan area, and county, a new paper published by EPI for the Economic Analysis and Research Network (EARN). In the paper, Mark Price, an economist at the Keystone Research Center in Harrisburg, PA and Estelle Sommeiller, a socio-economist at the Institute for Research in Economic and Social Sciences in Greater Paris, France show that the top 1 percent of income earners captured the majority of income growth since the Great Recession in 24 states—with the top 1 percent taking home all income growth in 15 states. In North Carolina, on average, the top 1 percent earned almost 18 times more than everyone else in the state in 2013.