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Facts about economic inequality in the US

The Active Times Logo By Kaitlin Miller of The Active Times | Slide 1 of 21: During the coronavirus pandemic, millions of Americans have faced financial hardship with more than 50 million filing for unemployment benefits. But even before the COVID-19 crisis, many Americans were dealing with economic issues. According to the Economic Policy Institute, the federal minimum wage hasn't been enough to meet cost of living demands since the 1960s. This is just one factor contributing to widening economic inequality. This term refers to either gaps in income or wealth between America's richest and the rest of the country, and both continue to grow year after year. Here are some other important facts about economic inequality in our country that Americans should be aware of.

Pay Gap, Racism and More Contribute to Growing Economic Inequality in the US

During the coronavirus pandemic, millions of Americans have faced financial hardship with more than 50 million filing for unemployment benefits. But even before the COVID-19 crisis, many Americans were dealing with economic issues. According to the Economic Policy Institute, the federal minimum wage hasn't been enough to meet cost of living demands since the 1960s.

This is just one factor contributing to widening economic inequality. This term refers to either gaps in income or wealth between America's richest and the rest of the country, and both continue to grow year after year. Here are some other important facts about economic inequality in our country that Americans should be aware of.

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