Income inequality dipped, fewer people moved, according to largest survey of US life

North Carolina was the only state to see a statistically significant rise in inequality

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WASHINGTON: Income inequality dipped, more people had college degrees, fewer people moved to a different home and the share of Asian and Hispanic residents increased in the United States last year, according to figures released Thursday by the US Census Bureau.

These year-to-year changes, big and small, from 2023 to 2024 were captured in the bureau's data from the American Community Survey, the largest annual audit of American life.

The survey of 3.5 million households asks about more than 40 topics, including income, housing costs, veterans status, computer use, commuting, and education.

Income inequality — or the gap between the highest and lowest earners — in the United States fell nationwide by nearly a half per cent from 2023 to 2024, as median household income rose slightly, from USD 80,002 to USD 81,604.