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Buildings in Rio de Janeiro, demonstrating economic inequality. Effects of income inequality, researchers have found, include higher rates of health and social problems, and lower rates of social goods, [1] a lower population-wide satisfaction and happiness [2] [3] and even a lower level of economic growth when human capital is neglected for high-end consumption. [4]
In 2002, a "maximum-fee" system was introduced in Sweden that states that costs for childcare may be no greater than 3% of one's income for the first child, 2% for the second child, 1% for the third child, and free of charge for the fourth child in pre-school. 97.5% of children age 1–5 attend these public daycare centers.
Income inequality has fluctuated considerably since measurements began around 1915, declining between peaks in the 1920s and 2007 (CBO data [2]) or 2012 (Piketty, Saez, Zucman data [15]). Inequality steadily increased from around 1979 to 2007, with a small reduction through 2016, [2] [16] [17] followed by an increase from 2016 to 2018. [18]
Income inequality is a discussion that’s been surfacing off and on for years now, but thanks to presidential politics, it’s once again in the headlines.
Another just-released study, this one from veteran inequality economist Emanuel Saez, shows income for the top 1 percent has grown at nearly twice the rate as the bottom 99 percent since 1998.
Wealth and income inequality in the United States is large and growing. "The upper 1 percent of Americans are now taking in nearly a quarter of the nation's income every year. In terms of wealth ...
Consequently, inequality lowers average education and hampers economic growth. [22] Also, in countries with a high burden of this kind, a reduction in fertility can hamper economic growth as well as the other way around. [23] Richer countries have a lower fertility rate than poorer ones, and high income families have fewer kids than low-income ...
Income Inequality Is Rising Quickly: 8 Ways To Stay on Track Financially If You Make an Average Salary. Laura Beck. November 28, 2023 at 12:00 PM ... Low-cost index funds are a good way to start ...