Bus'Insider on inequality: What jumps out is how lousy the US looks, our best district in terms of equality is only as good as Portugal
Livewire
Bus'Insider on inequality: What jumps out is how lousy the US looks, our best district in terms of equality is only as good as Portugal. This sits at a pedestrian 71st on the CIA's list, right in the middle of the pack. That means that the level of equality in every congressional district in America falls below the midpoint of the CIA's 139-country ranking. Even the best U.S. district has higher inequality than any number of countries you probably don't associate with economic egalitarianism: Greece, Niger, Ethiopia, Egypt, Pakistan, Kosovo, Mongolia, Ukraine, Bangladesh. This doesn't mean that the U.S. would be better off it were more like Ukraine. But the comparison between the U.S. and similar Western democracies is just as unsettling. The U.S. doesn't come anywhere close to Scandinavia's .2 - .3 Gini range. The most equal U.S. congressional district can't compare with the national average: (VIEW LINK)
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Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.
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