The top five states with the highest income inequality rates all voted to reelect President Barack Obama, though no state boasted a higher rate of inequality than Washington, D.C. This ia according to a study released this week by MoneyRates.com.
The study used data from the Bureau of Labor statistics to measure how many times more money the top-earning income bracket of a state made than bottom earners. Researchers compared the top 25th percentile earner to the bottom 25th percentile earner and divided the sums into each other, then ranked states by number. California, in which a top 25th percentile earner makes 2.55 times more than a bottom 25th percentile earner, is by far the most unequal state, followed by New York, New Jersey, Michigan, and President Obama's home state of Illinois.
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