ECONOMICS - The States with the Widest Gap Between Rich and Poor
Gini Coefficient =income inequality. Zero reflects perfect income equality, where everyone makes the same. A score of one reflects an economy where one person has all of the money and everyone else has none. Higher numbers represent significant concentrations of wealth, extreme poverty, and a limited middle class. here: 1= highest income inequality.
Median Income
Population Living Below Poverty Line
1. New York - Gini Coef: 0.499 Median Income: $54,148 (14th highest) Below Poverty Line: 14.1% (21st highest)
2. Connecticut - Gini Coef: 0.486 Median Income: $64,032 (4th highest) Below Poverty Line: 10% (5th lowest)
3. Louisiana - Gini Coef: 0.475 Median Income: $42,505 (10th lowest) elow Poverty Line: 17.7% (5th highest)
4. Massachusetts -Gini Coef: 0.475 Median Income: $62,072 (6th highest) Below Poverty Line: 12% (13th lowest)
5. Florida -Gini Coef: 0.474 Median Income: $44,409 (15th lowest) Below Poverty Line: 14.9% (16th highest)
6. Alabama - Gini Coef: 0.472 Median Income: $40,474 (5th lowest) Below Poverty Line: 18.1% (2nd highest)
7. California - Gini Coef: 0.471 Median Income: $57,708 (9th highest) Below Poverty Line: 13.8% (23rd highest)
8. Texas - Gini Coef: 0.469 Median Income: $48,615 (24th highest) Below Poverty Line: 15.7% (12th highest)
9. Georgia - Gini Coef: 0.468 Median Income: $46,430 (21st lowest) Below Poverty Line: 16% (10th highest)
10. Mississippi - Gini Coef: 0.468 Median Income: $36,851 Below Poverty Line: 20.8% (highest)
http://247wallst.com/2012/05/31/ten-states-with-the-worst-income-inequality/#ixzz1wlDI8fDn
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