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24/7 Wall St.: States with the Widest Gap Between the Rich and Poor

9. Georgia

Gini coefficient: 0.4770
Median household income: $46,007 (18th lowest)
Households earning $200,000+: 4.3% (21st highest)
Population living below poverty line: 19.1% (5th highest)

Last year, 6.4% of Georgia households earned less $10,000 annually, the sixth-highest percentage in the nation. This percentage was significantly higher than in 2007, when only 4.8% of the state’s residents earned less than $10,000. In addition, the number of residents living below the poverty line has risen considerably from 14.3% of the population in 2007 to 19.1% in 2011. Meanwhile, although the proportion of well-earning Georgians has fallen, this change has been far less dramatic. In 2011, 4.3% of residents earned at least $200,000, down slightly from 4.6% in 2010. Both of Georgia’s Senators received failing grades from the Institute for Policy Studies’ Income Inequality Report Card. These grades, which deemed the senators “1% friendly,” were based on their voting record.


More From 24/7 Wall St.:
States with the Highest (and Lowest) Taxes
10 Cities with the Hottest Housing Markets
10 Brands Losing the Most Value

The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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