Wealth of State’s Top 1% Rises 120%
While other 99% of state residents saw a combined 4% increase since late 1970s.
Prosperity in Wisconsin is not being widely shared.
The incomes of the very richest have increased dramatically, while the incomes of everyone else have stagnated. Since the late 1970s, the income of the top 1% in Wisconsin has increased by 120%, while the income of the remaining 99% has increased just 4%.
The increasing level of income inequality acts as a drag on Wisconsin’s economic growth. Wisconsin families and businesses can’t thrive when all the income growth goes to the very top. For Wisconsin’s economy to be on a solid foundation, everyone needs to benefit from increases in productivity.
The data feature above shows the outsize gains in share of income and total income for the highest earners in Wisconsin. You can use these charts to explore how the incomes of those at the very top have increased dramatically, while the incomes of the remaining 99% stayed flat.
For more information on how growing income inequality is hurting Wisconsin, read our new report, “Pulling Apart 2016: Focus on Wisconsin’s 1%.”
The new “Pulling Apart” report – which is authored by the Wisconsin Budget Project and COWS, using data from the Economic Policy Institute – includes data on inequality in all 72 Wisconsin Counties and also a set of recommendations for achieving stronger and more equitable growth in our state.