US and UK Most Unequal Countries in World 2014
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US and UK Most Unequal Countries in World 2014

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US and UK Most Unequal Countries in World 2014

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  • 1. What does this mean? The last thirty years have seen income shift from the majority of us towards the very richest in every major developed economy in the world – the rich have most definitely got richer. But different economic and social policies mean that the shift has been more marked in some countries than in others. In the UK, the share of national income going to the richest 1% doubled to 13% over the last 30 years. Only in the US has the share of the 1% seen a bigger increase. Explaining the data This data comes from the World Top Incomes Database, which measures top incomes in over 45 countries around the world. Based on household surveys in each country, we have used the latest data available for each country. You can access the full data here: http:// topincomes.g-mond.parisschoolofeconomics.eu INEQUALITY BRIEFING The UK has become one of the most unequal countries in the world SHARE OF NATIONAL INCOME GOING TO THE TOP 1% AUSTRALIA JAPANFRANCE UK USGERMANYSWEDENDENMARK 19.3 12.912.7 9.59.1 8.1 7.1 6.4 Early 1980s Now