Inequality in the US; the top 0.1% gaining even more than top 1%
In the US the protest movement is symbolically against the top 1%. Income data from the US Congressional Budget Office, however, shows that it isn’t just the top 1% benefiting far more than the rest of American society, but the top 0.1% in particular. High levels of inequality is generally believed to affect social cohesion. Some findings suggest that once nations are industrialized, more equal societies almost always do better in terms of health, well-being and social cohesion and that large income inequalities within societies destroys the social fabric and quality of life for everyone. This update to the poverty page adds a section on inequality in the US, as well as adding some additional information about research showing globally some 147 multinational companies having core global influence and power. Read full article: Poverty Around the World
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In the US the protest movement is symbolically against the top 1%. Income data from the US Congressional Budget Office, however, shows that it isn’t just the top 1% benefiting far more than the rest of American society, but the top 0.1% in particular.
High levels of inequality is generally believed to affect social cohesion. Some findings suggest that once nations are industrialized, more equal societies almost always do better in terms of health, well-being and social cohesion and that large income inequalities within societies destroys the social fabric and quality of life for everyone.
This update to the poverty page adds a section on inequality in the US, as well as adding some additional information about research showing globally some 147 multinational companies having core global influence and power.
