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What is income inequality?

Income inequality refers to the extent to which income is distributed in an uneven manner among a population. Over the past four decades, the richest 1 percent of Americans have enjoyed by far the fastest income growth. The most rapid increase has occurred at the tippy top of the economic ladder.

What is economic inequality?

Economic inequality, whether measured through the gaps in income or wealth between richer and poorer households, continues to widen. With periodic interruptions due to business cycle peaks and troughs, the incomes of American households overall have trended up since 1970.

Which data relates to inequality before taxes and benefits?

Data from the World Inequality Database relates to inequality before taxes and benefits. Data from the World Bank relates to either income after taxes and benefits or consumption, depending on the country and year.

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