As politicians, pundits and popes are fond of reminding us, there is a large disparity in the distribution of wealth in the United States. What they don’t mention is that there is also a geographic one. There 12.3 million households in that earn more than $150,000 a year– about three times the median household income in America. These households, which represent approximately the top 10 percent of earners, are heavily concentrated around the coasts and a few major landlocked cities.
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