Monday, February 11, 2019

Global Wealth Inequality

A paper by Gabriel Zucman finds greater inequality both in the United States and globally.
[S]urveys and tax data show that [U.S.] wealth inequality has increased dramatically since the 1980s, with a top 1% wealth share around 40% in 2016 vs. 25–30% in the 1980s.
Evidence points towards a rise in global wealth concentration: for China, Europe, and the United States combined, the top 1% wealth share has increased from 28% in 1980 to 33% today, while the bottom 75% share hovered around 10%.

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