Income Inequality National Rankings

The 10 of people with highest income to that of the first decile.

Income inequality national rankings. P90 p10 is the ratio of the upper bound value of the ninth decile i e. Income from black market economic activity is not included. The federal minimum wage still sits at 7 25. Income inequality refers to the extent to which income is distributed in an uneven manner among a population.

In the u s poverty is an increasing issue with about 33 million workers earn less than 10 per hour putting a family of. In 2015 the top 1 of earners in the united states averaged 40 times more income than the bottom 90. S80 s20 is the ratio of the average income of the 20 richest to the 20 poorest. Gini index world bank estimate country ranking.

The data refer to 2010 2017. One of the more obvious ways to address income inequality is by raising the minimum wage an issue currently at the forefront of national debate and finding success in states and localities across the country. Income inequality is defined by gini index between 0 and 1 where 0 corresponds with perfect equality and 1 corresponds with absolute inequality. The united states wealth inequality which takes into consideration income property and investments is even more pronounced than its income inequality.

And p50 p10 of median income to the upper bound. This is a list of countries ranked by income inequality among individuals or households. In 2015 alone 14 cities counties and states passed a 15 minimum wage. In 1990 the gini coefficient was 0 43 indicating an overall increase in income inequality over the last 30 years.

The united states currently holds 41 6 percent of the world s personal wealth making it the richest nation in the world but has a gini coefficient 42 that is the worst of any oecd. P90 p50 of the upper bound value of the ninth decile to the median income. This is a list of countries or dependencies by income inequality metrics including gini coefficients the gini coefficient is a number between 0 and 1 where 0 corresponds with perfect equality where everyone has the same income and 1 corresponds with perfect inequality where one person has all the income and everyone else has no income. Income disparities are so pronounced that america s top 10 percent now average more than nine times as much income as the bottom 90 percent according to data analyzed by uc berkeley economist emmanuel saez.

It looks at the distribution of a nation s income or wealth where 0 represents complete.