A+ A A-  Wealth and income gap    • Written by Super User
AddThis Social Bookmark Button  Study: Texas Wealth-and-Income
Gap Continues to Grow  By Peter Malof  AUSTIN, Texas - A
new study based on census figures shows the gap between the rich
and poor continues to grow quickly. The most recent figures say
Texas has the seventh-highest inequality of any state. Analysts
say it's becoming a serious issue for the economy as a whole. 
According to Elizabeth McNichol, a senior fellow with the state
fiscal project of the Center on Budget and Policy Priorities in
Washington, D.C., the gap has grown nationally for three
decades, but has become worse in the last 10 years.  "When the
economy has grown, the lion's share of that has gone to
households at the top. What we've seen in the last decade is
that the incomes of the households at the bottom are actually
declining."  Economists stress that rising inequality is not
inevitable, noting that the gap between rich and poor actually
fell between World War II and 1970. It