This is a great example of the visual presentation of quantitative information.
One quibble: I suspect that the top 1% individual discussed near the end has wealth equal to the average among the top 1%, which is strongly distorted by individuals at, e.g., the top 0.1% level. If they used threshold 1% wealth the result would not be as dramatic.
It's also important to note that there is a 30+ year lever arm influencing average wealth -- relatively modest disparities in annual income can, when combined with differentials in investment, consumption, etc., result in substantial differences in accumulated average wealth.
See also Real wealth.
Thursday, 7 March 2013
US wealth inequality
Posted on 09:05 by Unknown
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