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5 Facts about the Wealthiest 1 Percent

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Author Topic: 5 Facts about the Wealthiest 1 Percent  (Read 217 times)
Britany Lincicum
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« on: October 15, 2011, 07:19:31 pm »

#2: The United States has more income and wealth inequality than most countries that have been studied, including India and China — countries that are traditionally viewed as having unequal distributions of wealth.

The degree of income inequality in each country is assigned a "Gini coefficient" — a number that ranges from zero (if everyone in the country has the same income) to 1 (if one person in the country has all the income). According to data gathered by the Central Intelligence Agency for 2010, the United States has a Gini coefficient of 0.45, on par with such countries as Iran (0.44) and Mexico (0.48); this is higher than the Gini coefficients of 94 of the 134 countries that have been studied, including China (0.42) and India (0.37), and much higher than Canada, Australia and all of Europe. Sweden has the lowest Gini coefficient at 0.23.

The United States' Gini coefficient has been rising for decades; it was just 0.35 in the 1960s. [World map of Gini coefficients]
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