BEYOND THE NUMBERS
Income inequality remained near a record high in 2013 by several measures the Census Bureau released earlier this week, with data going back to 1967. The principal Census summary measure of household income inequality, known as the “Gini coefficient,” was not statistically different from the record high in 2012. And the share of national income that goes to the top fifth of households was 51.0 percent, not statistically different from its record high of 51.1 percent in 2011. The share of the nation’s income going to the top 20 percent has been growing for decades, but it only recently surpassed 50 percent. That means the top 20 percent of households receive more of the nation’s income than the bottom 80 percent combined (see chart).