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Inequality Persists in U.S. Despite Record Income Gains
Household income growth only tells part of the story
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It’s not all good news when it comes to U.S. household incomes, which climbed to a record last year. Inequality persists. While the median incomes for black and Hispanic households grew at more than double the rate of white households, earnings levels reveal a discouraging divide: non-Hispanic whites earned $65,041 last year while blacks made $39,490.