US income inequality jumps to highest level ever recorded

Income inequality in the US last year reached its highest level in more than half a century.
While the economy has expanded steadily over the past decade, it has disproportionately benefited some of the wealthiest Americans.
In February, Federal Reserve Chairman Jay Powell said income inequality would be one of the biggest challenges for the US over the next decade.
Visit the Business Insider homepage for more stories.
Income inequality last year reached its highest level in more than half a cen