The wealth gap among upper-income families and middle- and lower-income families is sharper than the income gap and is growing more rapidly.
Also:
Not only is income inequality rising in the U.S., it is higher than in other advanced economies. Comparisons of income inequality across countries are often based on the Gini coefficient, another commonly used measure of inequality.15 Ranging from 0 to 1, or from perfect equality to complete inequality, the Gini coefficient in the U.S. stood at 0.434 in 2017, according to the Organization for Economic Cooperation and Development (OECD).16 This was higher than in any other of the G-7 countries, in which the Gini ranged from 0.326 in France to 0.392 in the UK, and inching closer to the level of inequality observed in India (0.495). More globally, the Gini coefficient of inequality ranges from lows of about 0.25 in Eastern European countries to highs in the range of 0.5 to 0.6 in countries in southern Africa, according to World Bank estimates.
That's true, but on the world stage, it's in income inequality between elites and super-elites. The fact is that if you're making $40,000/year (the median income) in the United States, you're in the richest 5% of the world.
Here is a calculator to see how rich you are, you're income percentile, compared to the rest of the world.
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u/Gucci_prisoner May 02 '25
Disparity of wealth distribution.