Income Inequality: Difference between revisions
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[https://inequality.org/facts/income-inequality/ by INEQUALITY] | [https://inequality.org/facts/income-inequality/ by INEQUALITY] | ||
Over the past four decades, the richest 1 percent of Americans have enjoyed by far the fastest income growth. The most rapid increase has occurred at the tippy top of the economic ladder. Between 1979 and 2021, the average income of the richest 0.01 percent of households, a group that today represents just over 12,000 households, grew nearly 27 times as fast as the income of the bottom 20 percent of earners. These Congressional Budget Office figures include income from labor and investments, and do not account for taxes or means-tested public assistance, such as food stamps or Medicaid. | Over the past four decades, the richest 1 percent of Americans have enjoyed by far the fastest income growth. The most rapid increase has occurred at the tippy top of the economic ladder. Between 1979 and 2021, the average income of the richest 0.01 percent of households, a group that today represents just over 12,000 households, grew nearly 27 times as fast as the income of the bottom 20 percent of earners. These Congressional Budget Office figures include income from labor and investments, and do not account for taxes or means-tested public assistance, such as food stamps or Medicaid. | ||
=====Rising inequality: A major issue of our time===== | |||
[https://www.brookings.edu/articles/rising-inequality-a-major-issue-of-our-time/ by Zia Qureshi 16/5/23 BOOKINGS] | |||
Income and wealth inequality has risen in many countries in recent decades. Rising inequality and related disparities and anxieties have been stoking social discontent and are a major driver of the increased political polarization and populist nationalism that are so evident today. An increasingly unequal society can weaken trust in public institutions and undermine democratic governance. Mounting global disparities can imperil geopolitical stability. Rising inequality has emerged as an important topic of political debate and a major public policy concern. | |||
