Thanks in large part to Fed policies, if Neel Kashkari is to be believed, America as a whole has become a significantly more unequal country in the last five years. In fact, as a recent report finds, “if you look at the long-term trend, there’s a really steady increase in inequality.” But inequality is all about location, location, location; and, as Bloomberg reports, the idea that hard work leads to prosperity is increasingly becoming an American pipe dream, in some places more than others.
Bloomberg ranked big cities – those with populations of at least 250,000 – based on their inequality as measured by the Gini coefficients calculated by the U. S. Census Bureau (a Gini index of zero reflects absolute equality, while an index of one represents complete inequality).
This post was published at Zero Hedge on 11/10/2015.
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