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The top 10% of wealthy Americans now control 60% of the nation’s wealth, while the poorer half of the country holds only 6%, according to a report from the Congressional Budget Office.
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 ...
Data from the Economic Innovation Group's (EIG) Distressed Communities Index shows that as of 2023, local economies across America still hadn't fully recovered from the effects of the COVID-19 ...
This is a list of countries by inequality-adjusted Human Development Index (IHDI), as published by the UNDP in its 2024 Human Development Report.According to the 2016 Report, "The IHDI can be interpreted as the level of human development when inequality is accounted for", whereas the Human Development Index itself, from which the IHDI is derived, is "an index of potential human development (or ...
In the framework of American federalism, states generally have wide latitude to enact policies within their borders, including state taxation and labor laws.Among the factors that may increase inequality in a state are regressive state tax policies [2] (taxation has played a growing role in diminishing inequality since the 1980s), [3] tax incentives for large companies, [4] corruption, [5 ...
Three cities from the New York City metro area rank in the top 10 for highest income inequality. Newark ranks third, with the highest earners making over 6.8 times as much as the lowest earners.
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 —
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.