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- BUSINESS, Page 75Business NotesINCOME DISTRIBUTIONTwo Worlds, Moving Apart
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- The seven-year U.S. economic boom has produced great
- rewards, but they have not been distributed equitably. In a
- report issued last week, the Census Bureau found that the gap
- between rich and poor is widening. On the basis of a survey of
- 58,000 households, the bureau estimated that the poorest
- one-fifth of U.S. families received 4.6% of total income -- the
- lowest percentage since 1954. By contrast, the wealthiest
- one-fifth of families accounted for 44% of the income -- the
- highest share ever recorded.
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- The number of American families living below the poverty
- line, currently an annual income of $12,091 for a family of
- four, fell last year to 13.1% of the population, from 13.4% in
- 1987. But that percentage is still higher than it was a decade
- ago, when it stood at 11.4%. In addition, earnings for full-time
- male workers fell 1.3% in 1988, the first decline since 1982,
- while wages for female workers were unchanged.
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