Wealth Inequality by Country 2021

[Uncle Joe]

Wealth inequality, also known as the wealth gap, is a measure of the distribution of wealth—essentially the difference between the richest of the rich and the poorest of the poor—in a given country, state, city, or demographic group. Wealth inequality is closely related to income inequality, which tracks the money people earn. However, wealth inequality includes not just income, but also the value of bank accounts, stocks and investments, homes, and personal possessions such as cars, jewelry, artwork, and other valuables. Wealth inequality is a major cause of unequal living standards in many communities.

Research suggests that globalization has reduced global wealth inequality between nations but has increased wealth inequality within nations. Typically, developing countries are characterized by greater inequality than developed countries. However, there are exceptions to this rule: the United States, Russia, and in countries such as the

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Nine of the top 10 countries are located in Europe or on the Europe/Asia border (Azerbaijan). The top 1% of earners in Europe take only 12% of the total income and the bottom 50% of earners take 22% of income. For comparison, in the United States, which has more billionaires than any other country, the top 1% of earners take 20% of income and the bottom 50% of earners take 10%. The less inequality/greater equality in Europe is attributed to the fact that Europe has not let its market economy become a market society, where market forces control other areas of society such as education, health, and wages. Examples of this are social healthcare systems and more favorable labor markets.

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https://worldpopulationreview.com/country-rankings/wealth-inequality-by-country

They have some fascinating graphs on this site.

[burrowowl]

1. K&R