Wednesday, March 22, 2017

We’re #1!

Click here to access article by economist David Ruccio from Real-World Economics Review Blog.
...the United States has the most unequal distribution of wealth of any rich nation. 

And it’s not even close!

Thomas calculates the ratio of mean to median wealth for each country (the last column in the table above) to devise a measure of wealth inequality.

 As you can see, the U.S. inequality ratio is more than 50% higher than #2 Denmark and fully three times as high as the median country on the list, France.