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Duncan Innes

Unequal Britain: richest 10% are now 100 times better off than the poorest | Society | ... - 0 views

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Duncan Innes

Inequality increasing globally including in India: Christine Lagarde - The Economic Times - 1 views

  • adding that the richest 85 people in the world own the same amount of wealth as the bottom half of the world's population.
  • "It leads to an economy of exclusion, and a wasteland of discarded potential," Lagarde said.
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    Lagarde emphasizes how inequality has been underestimated. 
Duncan Innes

Inequality: Unbottled Gini | The Economist - 0 views

  • Mr Strauss-Kahn then bemoaned “a large and growing chasm between rich and poor—especially within countries”. He argued that inequitable distribution of wealth could “wear down the social fabric”. He added: “More unequal countries have worse social indicators, a poorer human-development record, and higher degrees of economic insecurity and anxiety.”
  • The income of the wealthiest 20% of Americans rose 14% during the 1970s, when the income of the poorest fifth rose 9%. In the 1990s the income of the richest fifth rose 27% while that of the poorest fifth went up only 10%.
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    Does inequality matter? An examination of cause and effect of income inequality.
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