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Aug 16, 2023 · Reducing inequality involves up-front increases in expenditure in areas including health care, social protection and education. The letter calls for Guterres and Banga to “back vital new ...
Dec 10, 2021 · At a global level the average income for an adult is $23,380 (when adjusted for Purchasing Power Parity or PPP). However, the report's authors explain that this conceals wide disparities between and within countries. The richest 10% of the global population currently take home 52% of the income.
Mar 31, 2023 · After decades in which the gap between the richest and poorest Americans grew by leaps and bounds, the strange rebound from the pandemic has led to something different: a slow reduction in ...
Oct 23, 2019 · The historic fall in global inequality was driven by robust growth in average incomes in populous developing countries such as China and India. Despite progress, two thirds of global inequality is still due to differences in average incomes between countries.
Oct 13, 2023 · Prior to Covid-19, income inequality had been shrinking in Canada, averaging 45.1% from 2010 to 2019 in part because of childcare benefits introduced in 2016. During the pandemic, though, the gap grew, reaching a record high of 47% in 2022.
- Kristen Parisi
Globally, inequality may be shrinking as economic power shifts and new markets emerge, Milanovic’s most recent research suggests. Within many nations, just the opposite trend is at work: The gap between rich and poor is widening.
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Aug 29, 2022 · Policymakers trying to shrink the income gap have long relied on a statistical benchmark to guide decisions. But taking a broader view of inequality might lead to better solutions, say Jon Jachimowicz and colleagues.
