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Yet few of them break into the highest income tiers.
(Estimates depend on the time period, the income tiers and the definition of inequality).
As currently constituted, the program would distribute the 2,250 units across five different income tiers tied to the city's median income.
(Estimates depend on the time period, the income tiers and the definition of inequality). Gary Burtless of the Brookings Institution found it to account for 21percentt.
The report continued: "Their downbeat take on their economic situation comes at the end of a decade in which, for the first time since the end of World War II, mean family incomes declined for Americans in all income tiers.
In part, that's because tax rates for the highest individual income tiers have dropped sharply over the past century — from a high of 94percentt at the end of World War II down to just under 40percenttodayay.
Similar(45)
The nine apartments in the lowest income tier were reserved for those earning 65 percent of the area median.
I read the data as showing a rise in the affluence of the second-20-percent income tier.
About 225 units are set aside for families of all sizes in the lowest income tier, and 450 for families of all sizes in the highest tier.
In the lowest income tier, a family of four making $21,270 to $28,360 a year would pay $620 a month in rent; in the highest, a family making $99,261 to $113,440 would pay $2,658 a month.
But 20% of Americans are now in the lowest income tier, compared with 16% in the early 1970s.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com