Income Inequality (24): Wealth Inequality

If you think income inequality is a problem – and leads to a number of human rights violations – wait until you see the numbers for total wealth inequality. Take the example of the U.S.:

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And then remember that income inequality is a problem because of the differences in wealth it generates. It’s apparent from these graphs that income is just one determinant of wealth (a very ill person may have a high income but low wealth; someone owning three different houses may have a retirement income very much below a large young family struggling to remain afloat on a considerably higher income etc.).