World’s wealthiest saw their fortunes increase by $2.5 billion a day in 2018 says Oxfam -
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Showing posts with label Income Gap. Show all posts
Showing posts with label Income Gap. Show all posts
1/21/19
9/14/17
USA Economic Inequality: Record Gap Between U.S. Income Measures Shows Rising Inequality
On the surface, Census Bureau data released Tuesday showed little change in the gap between rich and poor because the traditional measure of income inequality – the Gini index – was basically steady from 2015 to 2016.
Bu difference between median and mean household income hit a record last year, which suggests the rich got richer as they left the typical American household further behind.Specifically, median household income, after adjusting for inflation, rose 3.2 percent in 2016 to $59,039, while mean income increased at a bit of a faster clip – 3.6 percent – to $83,143.
Read complete report here: Record Gap Between U.S. Income Measures Shows Rising Inequality
Bu difference between median and mean household income hit a record last year, which suggests the rich got richer as they left the typical American household further behind.Specifically, median household income, after adjusting for inflation, rose 3.2 percent in 2016 to $59,039, while mean income increased at a bit of a faster clip – 3.6 percent – to $83,143.
That’s a difference of $24,104, up from $23,035 in 2015 and just $5,318 when the series started in 1967.
Read complete report here: Record Gap Between U.S. Income Measures Shows Rising Inequality
9/27/13
The Netherlands: Income gap between poor and rich widening
The gap between rich and poor in the Netherlands has increased over
the past 35 years, according to researchers at Amsterdam University.
The financial position of the 10% of the population with the lowest incomes worsened by about 30% between 1977 and 2011, while the rest had more to spend, the research, quoted by the Volkskrant, shows.
The main reason for the deterioration in the position of low income households is cuts in social security benefits.
In 1977, the richest 10% of the population earned 5.1 times as much as the poorest 10%. But by 2011 this had stretched to 8.2%, the research showed. Growth was fastest in the second half of the 1980s when the minimum wage and benefits were frozen.
The current coalition government has made reducing the income gap a central part of its policies and is increasing the tax burden on the better off.
Read more: DutchNews.nl - The income gap in the Netherlands is getting wider, researchers say
The financial position of the 10% of the population with the lowest incomes worsened by about 30% between 1977 and 2011, while the rest had more to spend, the research, quoted by the Volkskrant, shows.
The main reason for the deterioration in the position of low income households is cuts in social security benefits.
In 1977, the richest 10% of the population earned 5.1 times as much as the poorest 10%. But by 2011 this had stretched to 8.2%, the research showed. Growth was fastest in the second half of the 1980s when the minimum wage and benefits were frozen.
The current coalition government has made reducing the income gap a central part of its policies and is increasing the tax burden on the better off.
Read more: DutchNews.nl - The income gap in the Netherlands is getting wider, researchers say
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