Wealth inequality

Gulf between rich and poor widening

The gap between rich and poor has grown even in the most traditionally egalitarian European countries, such as Germany, Denmark and Sweden, with the average income of the richest 10% compared to the poorest 10% rising from 5 to 1 in the 1980s to 6 to 1 today, according to an OECD reported published in December 2011, Divided We Stand: Why Inequality Keeps Rising” . The gap is 10 to 1 in Italy.

OECD, December 2011

Pop, avg % income change
Poorest 10%, avg % income change
Richest 10%, avg % income change
2008 Gini score
Better than 1985?

The OECD report examined earnings in each of the OECD’s 34 member countries, basing its measurements on the Gini coefficient, where countries are ranked between a figure of zero where everyone earns the same to 1 – where the richest person has all the income.

See detailed reports on Germany ; Italy ; France ;  Spain

Australia 3.6 3 4.5 0.34 Worse
Belgium 1.1 1.7 1.2 0.26 Same
Canada 1.1 0.9 1.6 0.32 Worse
Czech Republic 2.7 1.8 3 0.26 Worse
Denmark 1 0.7 1.5 0.25 Worse
Finland 1.7 1.2 2.5 0.26 Worse
France 1.2 1.6 1.3 0.29 Better
Germany 0.9 0.1 1.6 0.3 Worse
Greece 2.1 3.4 1.8 0.31 Better
Hungary 0.6 0.4 0.6 0.27 Same
Ireland 3.6 3.9 2.5 0.29 Better
Israel 1.7 -1.1 2.4 0.37 Worse
Italy 0.8 0.2 1.1 0.34 Worse
Japan 0.3 -0.5 0.3 0.33 Worse
Luxembourg 2.2 1.5 2.9 0.29 Worse
Mexico 1.4 0.8 1.7 0.48 Worse
Netherlands 1.4 0.5 1.6 0.29 Worse
New Zealand 1.5 1.1 2.5 0.33 Worse
Norway 2.3 1.4 2.7 0.25 Worse
Spain 3.1 3.9 2.5 0.32 Better
Sweden 1.8 0.4 2.4 0.26 Worse
Turkey 0.5 0.8 0.1 0.41 Better
United Kingdom 2.1 0.9 2.5 0.34 Worse
United States 1.3 0.5 1.9 0.38 Worse
OECD-27 1.7 1.3 1.9 0.32 Worse


2 thoughts on “Wealth inequality

  1. to send a clear message to the 1% burn the banks and hang a few ceo’s. they’ll never have enough corrupt cops to protect them from the mobs when they arrive at their mansions

    Posted by frodot | May 14, 2012, 6:53 pm


  1. Pingback: Europe needs wage cuts…but only for the really wealthy « Revolting Europe - August 23, 2012

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