As the economy recovers, the Sacramento region's wealthiest residents have reaped most of the income gains and now control most of the region's income, new census figures show.
Income inequality has come up frequently during this presidential election cycle. Earlier this year, Republican presidential candidate Ted Cruz said those who are doing well are "the top one or two percent, the millionaires and billionaires the president loves to demagogue ... The people who have been hammered the last six years are working men and women." Democratic presidential candidate Bernie Sanders recently called income inequality "the great moral issue of our time."
In the four-county Sacramento region, the lowest-earning 80 percent of households collectively saw average income fall from 2007 to 2014, after adjusting for inflation, with very poor households suffering huge declines.The top-earning 20 percent of households collectively saw average income rise between 2007 and 2014 ... Click here to see charts if using the Bee's mobile app.
The lowest-earning 20 percent of the region's households now control 3.1 percent of its household income, while the top-earning 20 percent control more than half of its income... The region continues to be divided along geographic and class lines, with the poor disproportionately residing in some places like North Highlands and Florin and the wealthy disproportionately residing in others like El Dorado Hills ... There is good news for everyone. Between 2013 and 2014, incomes rose across all levels. They just rose much faster for the wealthy than for the poor... Click here to see charts if using the Bee's mobile app.
Sign Up and Save
Get six months of free digital access to The Sacramento Bee