Income Inequality: Difference between revisions
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[https://www.openmarketsinstitute.org/learn/income-inequality-monopoly by OPEN MARKETS] | [https://www.openmarketsinstitute.org/learn/income-inequality-monopoly by OPEN MARKETS] | ||
America is more unequal than it has been in a century. The richest 0.1 percent of American families own as much wealth as the lower 90 percent of all American families combined. Between 1979 and 2007, the richest one percent took in 53.9 percent of all income growth. And wealth inequality grew even more dramatic in the wake of the great recession. The richest 7 percent expanded their average neat worth by more than 25 percent between 2009 and 2011, and whites claimed an even larger proportion of American wealth relative to Blacks and Hispanics. | America is more unequal than it has been in a century. The richest 0.1 percent of American families own as much wealth as the lower 90 percent of all American families combined. Between 1979 and 2007, the richest one percent took in 53.9 percent of all income growth. And wealth inequality grew even more dramatic in the wake of the great recession. The richest 7 percent expanded their average neat worth by more than 25 percent between 2009 and 2011, and whites claimed an even larger proportion of American wealth relative to Blacks and Hispanics. | ||
=====Should Equity Be a Goal of Economic Policy?===== | |||
[https://www.imf.org/external/pubs/ft/issues/issues16/ by International Monetary Fund] | |||
The Economic Issues series aims to make available to a broad readership of nonspecialists some of the economic research being produced on topical issues by IMF staff. The series draws mainly from IMF Working Papers, which are technical papers produced by IMF staff members and visiting scholars, as well as from policy-related research papers. | |||
