Income Inequality In Us Compared To Other Countries

The key facts from the report are.

Income inequality in us compared to other countries. Colombia has ranked in the top 2 for inequality gini index since 2003. Income inequality in america compared to other nations. Was 40 46 in 2010 very close to the average gini coefficient of african countries in our sample. Compared to other oecd countries the us doesn t do quite as well in terms of those living below the poverty line.

Notice that the united states is one of two g 7 countries canada france germany italy japan the uk and the usa that are not in. Income rose from 16 in 1968 to 23 in 2018. For instance income inequality in the u s. Before accounting for taxes and transfers the u s.

This is lower than the us mexico and chile. Brazil has ranked in the top 3 for inequality gini index since 1996. Among the top 5 of households those with incomes of at least 248 729 in 2018 their share of all u s. Ranked 10th in income inequality.

Had the second highest level of inequality behind only chile. 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. In 1968 by comparison the top earning 20 of households brought in 43 of the nation s income while those in the lower four income quintiles accounted for 56. Compares against the group s 33 other countries and its upcoming world cup.

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. But after taking taxes and transfers into account the u s. 8 of the top 15 countries by inequality gini index are catholic. Having one of the highest levels of income per capita in our sample.

11 of the top 16 countries by inequality gini index are latin american and caribbean. The united states wealth inequality which takes into consideration income property and investments is even more pronounced than its income inequality. In this study the poverty line is worked out as half the median income for the country. 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.

Among the countries with more unequal income distributions were france the u k. Specifically the gini coefficient of the u s.