Florida has fourth largest income gap in U.S., study shows
By Jeff Ostrowski [Palm Beach Post, January 26, 2015]
In a sign of increasing wealth concentration, Florida’s richest 1 percent of residents make 43 times as much as the state’s bottom 99 percent, according to a study released Monday.
Florida has the nation’s fourth-highest income gap, the Economic Policy Institute calculated. Whether the growing gulf is a troubling trend or just an inevitable result of a free-market economy is open to debate.
The top 1 percent of Florida wage earners made an average of $1.49 million in 2012, the study found. The bottom 99 percent earned an average family income of $34,387. MORE>>