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According to a study by the World Bank, the richest decile of the population of Latin America earn [14] 48% of the total income, while the poorest 10% of the population earn only 1.6% of the income. In contrast, in developed countries, the top decile receives 29% of the total income, while the bottom decile earns 2.5%.
Latin American and the Caribbean countries by GDP per capita PPP (2019). This is a list of Latin American and the Caribbean countries by gross domestic product at purchasing power parity in international dollars according to the International Monetary Fund 's estimates in the October 2023 World Economic Outlook database.
South America: High income 40.6 2022 United States: Northern America: High income 41.3 2022 39.79 2022 39.6 2022 Uzbekistan: Central Asia: Lower middle income 31.2 2022 35.27 2003 Saint Vincent and the Grenadines: Caribbean: Upper middle income 40.00 2008 Venezuela: South America — 44.7 2006 37.80 2014 Vietnam: South-eastern Asia
Countries in Latin America have a Gini coefficient above 0.5 and Corak's scores between 0.5 and 0.6. [21] Interesting research was done focusing on Latin America. The levels of economic inequality in Latin American are enduring and abnormally high in comparison with other parts of the world (Lopez-Calva and Lustig, 2010).
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 ...
"These gaps didn’t spring up by accident. There were explicit policy choices in the past, like redlining and exclusion from investment,” said one economist.
Global share of wealth by wealth group, Credit Suisse, 2021 Share of income of the top 1% for selected developed countries, 1975 to 2015. Economic inequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money paid to people is distributed among them), b) wealth inequality or distribution of wealth (how the total sum of wealth owned by people is ...
Texas also has a lower median household income compared to the national median. In Texas, the median household income between 2017 and 2021 was $67,321, and $74,580 nationwide in 2022.