PLEDGE NOW

Income Inequality In Metro Boston Among Worst In U.S.

(AP)

(AP)

In economics, there’s something called the Gini coefficient. It’s a measurement used to calculate income inequality and it works on a scale of zero to 1. In general, the higher the number, the more wealth is controlled by a small group of people.

Most communities fall somewhere in between. In Greater Boston the number is near the middle — .47 — and that number is high.

According to a new report (PDF) from the Metropolitan Area Planing Council, the wealthiest 20 percent of Metro Boston residents earn 10 time the poorest 20 percent. The report found that Metro Boston is less equitable when it comes to income than 85 percent of U.S. metro areas, and it’s only getting worse:

“Over the past 30 years, wealth in the region has become increasingly concentrated, creating a smaller group of wealthy families than ever before, while more Greater Bostonians than ever struggle to make ends meet.”

Guest:


Other stories from this show:

Please follow our community rules when engaging in comment discussion on this site.

Host Meghna Chakrabarti introduces us to newsmakers, big thinkers and artists and brings us stories of relevance to Bostonians here and around the region. Live every weekday at 3 p.m. and 10 p.m.

  • Listen: Weekdays, 3 p.m. on 90.9 FM
  • Live Call-In: (800) 423-TALK
  • Listener Voicemail: (617) 358-0607
Most Popular
This site is best viewed with: Firefox | Internet Explorer 9 | Chrome | Safari