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Oxfam's 2021 report on global inequality said that the COVID-19 pandemic has increased economic inequality substantially; the wealthiest people across the globe were impacted the least by the pandemic and their fortunes recovered quickest, with billionaires seeing their wealth increase by $3.9 trillion, while at the same time the number of ...
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]
A 2011 CBO study adjusted for household size so that its quintiles contain an equal number of people, not an equal number of households. [27]: 2 CBO found income distribution over a multi-year period "modestly" more equal than annual income, [27]: 4 confirming earlier studies. [262]
Here’s how economic inequality in the United States affects you, even if you earn a good living. Taxpayers spend $107 billion a year supplementing the paltry salaries of the working poor ...
Inequality increased during the 2000–2010 decade not because of stagnating wages for less-skilled workers, but because of accelerating incomes of the top 0.1%. [27] Author Timothy Noah estimates that "trade", increases in imports are responsible for just 10% of the "Great Divergence" in income distribution. [29]
Number of people living in extreme poverty from 1820 to 2015. Population not in extreme poverty Population living in extreme poverty Total population living in extreme poverty, by world region 1990 to 2015. Latin America and Caribbean East Asia and Pacific Islands South Asia Middle East and North Africa Europe and Central Asia Sub-Saharan Africa Other high income countries The number of people ...
The report, by the Joseph Roundtree Foundation, shows that a total of 3.8 million people experienced destitution last year – a 61 per cent increase from 2019. The number of children was 1.04 ...
This is a list of countries by inequality-adjusted Human Development Index (IHDI), as published by the UNDP in its 2024 Human Development Report.According to the 2016 Report, "The IHDI can be interpreted as the level of human development when inequality is accounted for", whereas the Human Development Index itself, from which the IHDI is derived, is "an index of potential human development (or ...