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Compares against the group s 33 other countries and its upcoming world cup.
How does income inequality in the us compare with other nations. There s new data on income inequality out from the oecd thursday so we thought we d take a look to see how the u s. To compare income inequality across countries the oecd uses the gini coefficient a commonly used measure ranging from 0 or perfect equality to 1 or complete inequality. The figure below shows a negative relationship between the level of income per capita which is a measure of technological progress and the gini coefficient of income which is a measure of inequality within a country. Rich countries tend to have lower income inequality than developing countries.
In this study the poverty line is worked out as half the median income for the country. With more attention being paid to economic inequality in the united states it s also worth looking at how the nation compares globally. Had a gini coefficient of 0 434. Income and wealth inequality in the us makes this the pressing issue of our time.
By ana maria santacreu economist and heting zhu research associate. In 2017 the u s. Has one of the most unequal income distributions in the developed world according to data from the organization for economic cooperation and development even after taxes and social welfare policies are taken into account. Income inequality in other nations is a danger to the entire world.
Photo by federico sironi on unsplash the table below shows that america is performing poorly when compared to other nations on. United states census bureau.
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