Report: Nevada’s Income Gap Widens
(Washington, DC) – A new report from a non-profit, non-partisan think tank says the gap between the rich and poor has grown in Nevada.
The Economic Policy Institute says between 1979 and 2007, overall income in Nevada rose 8.7 percent. However, incomes of the top 1 percent rose 164 percent, while people in the 99 percent saw their income fall nearly 12 percent.
While the richest Nevadans are recovering from the Great Recession, most other residents experienced a nearly 7 percent drop in income from 2009 to 2011.
The Economic Policy Institute “was created in 1986 to broaden discussions about economic policy to include the needs of low- and middle-income workers.”