Alabama’s Growing Income Gap
According to a new Arise Citizen’s Policy Project report released this week, the widening income gap between the richest Alabamians and everyone else is reducing consumer spending and hurting the state’s economy. The report in The State of Working Alabama 2014 says Alabama is among the top half of states with severe income inequality. A Key finding from the report is that in 22 Alabama counties, the share of income held by the top 5 percent exceeded the state average. In six of those counties which include Clarke, Conecuh, Jefferson, Lamar, Lowndes and Randolph; that share topped 24 percent.