Colorado’s richer enclaves make it a leader in wealth disparity
Study: Top four states in the nation for asset-income inequality are Wyoming, Colorado, Utah and Idaho
The Denver Post
When prospectors came to Colorado searching for gold and silver, a lucky few found their riches, while many others settled down and found jobs instead.
Old mining towns are again enclaves of wealth, not from their mines, but because they have the amenities and homes needed to attract rich outsiders. As a result, the Rocky Mountain region has the largest wealth gaps among its counties when measured in terms of the income earned from capital sources like stocks, bonds and property, according to a wealth distribution study by the Economic Innovation Group.
Colorado ranks second among U.S. states after Wyoming for the size of the gap among its counties in per capita asset income. Unlike income from wages or government payments, asset income derives from dividends, interest, rents and royalties. It is basically when an asset is making money, not a person making money.
Right behind Wyoming and Colorado in terms of disparities are Utah and Idaho.
Read more via The Denver Post.
Participate in The Longevity Project
The Longevity Project is an annual campaign to help educate readers about what it takes to live a long, fulfilling life in our valley. This year Kevin shares his story of hope and celebration of life with his presentation Cracked, Not Broken as we explore the critical and relevant topic of mental health.