The Real Story Behind "Rising" U.S. Income Inequality
Posted by admin / Under Gini Coefficient
Why is income inequality rising for U.S. families and households, but not for individual Americans? Having now shown that there has been absolutely no significant change in the level of inequality among U.S. individual income earners from 1994 through 2010, we thought we'd take a step back and look at the data for U.S. families and for households to examine those trends over time. The chart below shows what we find for each grouping of Americans according to their Gini Coefficient, where a value of 0 indicates perfect equality (everyone has the same income) and a value of 1 indicates...
Published on Tuesday 7th of February 2012 09:04:40 AM
Inequality between rich and poor in US worse than Cameroon, Yemen
Posted by admin / Under Gini Coefficient
The gap between America's rich and poor is reportedly at an extreme high, much higher than many developing countries like Cameroon, the Ivory Coast, and even Yemen. According to the Central Investigative Agency's (CIA) World Fact Book, which ranks countries in terms of how 'equally' wealth is distributed, the U.S. is the 42nd most unequal country in the world, the Daily Mail reports. It has been ranked way behind the European Union and the United Kingdom in terms of equality of pay. In fact, the situation is so extreme that it has even been placed behind countries such as Cameroon,...
Published on Tuesday 7th of February 2012 09:04:40 AM
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