This is a guest post by John Kelly.
Last week, a series of new studies were released by the University of Texas at Austin showing the nation’s poverty rate, its per capita income and its inequality of wealth.
These findings will probably surprise many, especially since they show that the US is more unequal than most other developed countries.
But for those who are concerned about inequality, the new research provides the only concrete evidence to date of the extent of inequality in the US, which has been a topic of intense interest for a long time.
The first two studies – a 2014 report from the US Census Bureau and a 2015 report from Brookings – show that America is among the least unequal countries in the world, but the difference between the two is quite substantial.
The gap between the top 1% and the bottom 99% of US households is almost a quarter of a billion dollars.
The second study – a 2017 study from the Urban Institute and the Brookings Institution – also shows that inequality is higher in the U.S. than anywhere else in the developed world, even among the very rich.
But the gap is much larger than in many other countries, including Canada and Australia.
This is a shocking finding, and one that is difficult to understand for the average American, who has a strong sense of fairness.
The Census Bureau’s 2015 report, for example, showed that the median household income in the United States was just under $60,000, well below the average of $77,000 in Canada and the OECD, which range from $85,000 to $110,000.
And, according to Brookings, the median net worth of a typical American family is just under five times that of the median family in Canada.
But the Census Bureau doesn’t just show this inequality, it also measures the wealth gap.
The report says that the average wealth gap is $1.1 million in the poorest 30% of American households, and that this figure varies by family size.
In fact, the report says the richest one-fifth of American families had a net worth that was more than four times the median American family.
And even for the poorest 1% of households, the gap was nearly two and a half times the average gap in the OECD.
The study also shows the widening gap between rich and poor in the country, which the authors call the “tipping point”.
In the wealthiest 50% of families, the average income gap between families in the top 20% and that in the bottom 20% was more that one-third of a million dollars.
This suggests that the wealth disparity in the American economy is much wider than most people think.
But what about inequality in other countries?
The most recent annual US Census data shows that the U of A has the highest inequality of the developed nations in the developing world, although it is only 1.6% of the world’s population.
And the difference in income between the richest and poorest 1%, however, is only 5.3% of that of developed nations.
For most of the last decade, the US has been one of the most unequal countries, but this year it appears that the gap between US and other developed nations is narrowing.
The difference in inequality is about the same as that between the United Kingdom and Canada, and the gap in wealth is slightly larger in the UK than in Canada, according the Pew Research Center.
The gap between households in Canada is larger than that in any other OECD country.
But there is a gap between income levels and wealth, too.
In Canada, the richest 1% has a net wealth of $7.6 trillion, while the bottom half of households have a networth of just $2.2 trillion.
In the US and Canada these figures are almost identical.
In contrast, in Denmark, where inequality is still far greater than anywhere in the EU, the wealth of the poorest 10% of householders is roughly twice that of any other European country, and it is much smaller than that of Britain, which is about half the size of the US.
This gap is larger in Denmark than in the Netherlands, which leads the OECD in inequality.
In countries like Denmark, the level of inequality is much higher than in any of the other developed European countries.
And in Denmark and Sweden, inequality is even higher.
The new data, which comes from the Brookings Institute’s Centre on Global Policy, shows that between 2013 and 2017, inequality in Denmark has grown by over 300%.
And in Sweden, which accounts for nearly two thirds of the EU’s economy, the rise in inequality has more than doubled.
The Brookings Institute says the rising inequality in Europe has had a big impact on the economy.
In Germany, inequality has grown at the same rate as the UK, which in 2016 was ranked the most equal country in the G7 group of nations.
The authors say this growing inequality is in large part because of the growing concentration of wealth in a few hands, and because of an “un