10 Cities Where the Rich and Poor Divide Is the Biggest — and What To Do If You Live in One
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Income inequality remains a pressing concern in numerous U.S. cities, with the chasm between the affluent and those facing financial hardships continuing to expand in some places. A recent study by SmartAsset highlighted the cities where this disparity is most pronounced. It used an income spread between the highest-earning and lowest-earning quintiles to determine how much the highest-earning households make for every dollar the lowest-income households make. Read Next: Salary Needed To Achieve the American Dream in the 50 Largest CitiesExplore More: 4 Low-Risk Ways To Build Your Savings in 2025If you reside in one of these areas, understanding the dynamics of income inequality and exploring strategies to bolster financial stability can be crucial.New OrleansRatio of earnings threshold for top 20% vs. bottom 20%: $7.91Percentage change in income spread (2023 to 2024): 0.45%2024 median household income: $51,913Find Out: The Living Wage a Family of 4 Needs in All 50 StatesBostonRatio o...