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The new report on wealth inequality comes from the nonpartisan Congressional Budget Office. America's top 10% controls 60% of the wealth. The bottom half holds 6%.
Straightforward data on earnings clearly shows a huge rise in inequality of pay in the US economy, ... Why a new study gives a misleading view of inequality in America. ... 2024 at 5:19 PM.
Although some spoke out in favor of moderate inequality as a form of incentive, [296] [297] others warned against excessive levels of inequality, including Robert J. Shiller, (who called rising economic inequality "the most important problem that we are facing now today"), [298] former Federal Reserve Board chairman Alan Greenspan, ("This is ...
South America: High income 47.17% 2022 2.24 2022 2.162 2022 United States: Northern America: High income 48.27% 2022 1.42 2022 1.762 2022 6.3 2022 Uzbekistan: Central Asia: Lower middle income 48.30% 2022 2.88 2003 2.495 2022 Saint Vincent and the Grenadines: Caribbean: Upper middle income 48.52% 2022 Venezuela: South America —
Dividend payouts to shareholders by companies in the S&P 500 reached a new record in 2023, and that number is projected to grow in 2024, according to data from the CME Group.
Inequality has been described both as irrelevant in the face of economic opportunity (or social mobility) in America and as a cause of the decline in that opportunity. [15] [16] Others consider that the exodus of manufacturing jobs from industrialized countries since the 1990s has been another defining factor.
New Orleans has the highest income inequality of major U.S. cities. While the highest earners make 7.8 times as much as the lowest earners in New Orleans, they still earn lower than average ...
A 2022 study in the American Economic Journal found that greater economic inequality in the United States than in Europe was not because of the nature of tax and transfer systems in the United States. The study found that the U.S. redistributes a greater share of its wealth to the bottom half of the income distribution than any European country.