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Where Financial Inequality Is Rampant

Courtesy of ZeroHedge. View original post here.

Exceptional‘ America is number one in the world… again!

There is increasing recognition that GDP measures or GDP per capita are insufficent when it comes to understanding the true economic well-being of households. As Statista’s Niall McCarthy notes, that has resulted in research becoming increasingly focused on household income with a higher emphasis on income inequality.

Infographic: Where Financial Inequality Is Rampant | Statista

You will find more infographics at Statista

One of its key findings was that the wealthiest 10 percent of households hold 52 percent of total household wealth on average.

By contrast, the 60 percent least wealthy households only own about 12 percent.

The situation is by far the worst in the United States where the richest 10 percent of households own 79 percent of the wealth. The bottom 60 percent of American households only own 2.4 percent of household wealth.

The situation is the same in Europe where the inequality gap is particularly wide in some countries.


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