Inequalities

This tag is associated with 53 posts

The Distribution of Household Income in US, 2014 – Average of $19,000 for the lowest quintile and of $281,000 for the highest quintile and getting worse

In 2014, average household income before accounting for means-tested transfers and federal taxes was $19,000 for the lowest quintile and $281,000 for the highest quintile. After transfers and taxes, those averages were $31,000 and $207,000. What Are the Trends in Household Income and Income Inequality? According to the agency’s estimates, average household income before transfers … Continue reading

Income and Generations in Canada – 32% of the earnings differences among fathers’ generations is passed on to sons

A child’s future income level in Canada is more strongly determined by his or her father’s income than previously thought, according to a new study. Intergenerational income mobility is measured by comparing the income of parents with the income of their children when the latter become adults. If parents and their adult children were all … Continue reading

US – Higher education didn’t protect hispanic and black wealth study finds

College-educated families usually earn significantly higher incomes and accumulate more wealth than families headed by someone who does not have a four-year college degree. The income- and wealth-boosting effects of education apply within all racial and ethnic groups. Higher education may also help “protect” wealth, buffering families against major economic and financial shocks and mitigating … Continue reading

Great Britain – The wealthiest 10% of households owned 44% of total aggregate household wealth, the least wealthy half 9%

This chapter looks at total net wealth of private households in Great Britain. The definition of wealth used in this survey is an economic one: total wealth (gross) is the value of accumulated assets, and total wealth (net) is the value of accumulated assets minus the value of accumulated liabilities.  Total net wealth is defined … Continue reading

US / Addressing income inequality is not government’s priority job voters says to Fox Poll

A new Fox New poll shows a possible disconnect between President Barack Obama and voters on what the president says will be the top priority for the rest of his term: reducing income inequality. Continue reading

Inequalities / The 85 richest people as wealthy as poorest half of the world

The wealth of the 1% richest people in the world amounts to $110tn (£60.88tn), or 65 times as much as the poorest half of the world Continue reading

Poor planning skills lead to income-achievement gap research finds

A new study of a large ethnically and socioeconomically diverse group of children from across the United States has identified poor planning skills as one reason for the income-achievement gap, which can emerge as early as kindergarten and continue through high school Continue reading

US / The Top 20% Own 72%; The Bottom 20%, 3%

The growing disparity in wealth made the great recession worse and the recovery weaker than ever before. This nation’s wealth disparity widened more than ever before over the last five years because of the steep decline in the value of residential homes and stagnant wages for the lower and middle income groups in the U.S., … Continue reading

US / Younger Generations Lag Parents in Building Wealth

A new study from the Urban Institute finds that Younger Generations up to roughly age 40 have accrued less wealth than their parents did at the same age, even as the average wealth of Americans has doubled over the last quarter-century. Because wealth compounds over long periods of time — a dollar saved 10 years … Continue reading

US / Wealth Inequality (Video)

Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is. via Wealth Inequality in America – YouTube.

China / To raise minimum wages

China has pledged to increase minimum wages and force state-owned companies to hand over more of their revenues to the public as part of a push to tackle growing inequality.The chasm between China’s rich and poor is seen by analysts as a significant threat to political stability, with discontent over inequality spilling over into angry … Continue reading

China / The Rumored Middle Class

Rumors of a rising Chinese middle class have been touted widely. However, the evidence supporting these claims remains conflicting at best. The “middle-class” jobs outsourced from the United States have not necessarily translated to “middle-class” jobs in developing nations, especially in China. Defining the middle class has always been a difficult venture, but on several … Continue reading

US / The Rising Age Gap: The Old vs the Young

Households headed by older adults have made dramatic gains relative to those headed by younger adults in their economic well-being over the past quarter of a century, according to a new Pew Research Center analysis of a wide array of government data. In 2009, households headed by adults ages 65 and older possessed 42% more … Continue reading

Income inequality: US vs the Roman Empire

Since too much inequality can foment revolt and instability, the CIA regularly updates statistics on income distribution for countries around the world, including the U.S. Between 1997 and 2007, inequality in the U.S. grew by almost 10 percent, making it more unequal than Russia, infamous for its powerful oligarchs. The U.S. is not faring well … Continue reading

Inequality on the rise in most OECD countries

“In the three decades prior to the recent economic downturn, wage gaps widened and household income inequality increased in a large majority of OECD countries. This occurred even when countries were going through a period of sustained economic and employment growth” writes the OECD in its 2011 report An Overview of Growing Income Inequalities in OECD Countries. … Continue reading

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