Across the country, the rich keep getting richer while middle- and low-income households fall further behind. But in Boston, the growing income divide has not been as severe as in other cities, according to a report released Monday.
The report, compiled for the
Of 357 metropolitan areas studied in the United States, 248 experienced a shift in wealth distribution toward high-income households between 2005 and 2012. Albany, Ga., had the greatest change in favor of the high-wage earners, while the Lewiston-Auburn area in Maine had the 10th biggest shift. Boston, on the other hand, ranked 151st.
“The distribution of gains in those years has been relatively even across the income levels” in Boston, said Jim Diffley, the report author and economist at IHS Global Insight, an information and analytics firm based in Lexington. “Boston has done relatively better than other metros.”
The wage gap is a focus for Mayor Martin J. Walsh, whose administration is working on ways to lift people out of poverty and strengthen the middle class in Boston. Walsh is vice chairman of the Conference of Mayors’ task force on income inequality, which held its inaugural meeting in New York on Monday. The task force plans to tackle issues related to early-childhood education, access to technology, and benefits such as sick time, as well as housing, transportation, and workforce development.
Example: We have five items with values 200, 100, 50, 30 and 20. The average is the result of dividing the sum of all items by the number of items, while the median is the middle value in a range of numbers. So for this list of numbers the average will be 80 (400/5) and the median will be 50 (200 and 100 higher; 20 and 30 lower.)
DATA: IHS Global Insight
Chiqui Esteban / Globe Staff
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