The rich get richer | Arkansas Blog

Friday, August 25, 2006

The rich get richer

Posted By on Fri, Aug 25, 2006 at 9:47 AM

But you probably knew that. And full report is here.

The gap between Arkansas’ highest income families and poor and middle-income families grew significantly between the early 1980s and the early 2000s according to a report issued today by Arkansas Advocates for Children & Families (AACF).

The report, “Income Inequality in Arkansas: The Rich Get Richer and the Poor Get Poorer,” finds that the incomes of the state’s richest families have climbed substantially over the past 2 decades, while middle- and lower-income families have seen only modest increases. Arkansas’ trend mirrors a similar trend to other states across the country.

“We want incomes to grow in Arkansas, but we don’t want middle and lower-income families to get left behind,” said Rich Huddleston, executive director of AACF. “Clearly a growing economy and rising tide hasn’t lifted all boats for all families.”

According to the report, from the early 1980s to the early 2000s, the average incomes for Arkansas richest 20 percent of families grew by $36,508 (61 percent), while the incomes of middle-income families by $8,483 (30 percent), and the incomes of the poorest 20 percent of families grew by just $2,864 (26 percent).

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