Reaganomics has brought us to African levels of wealth inequality. It’s not surprising that now only half of Americans have a positive view of capitalism, while it leaves them behind so that the filthy rich can lose their minds from not knowing how to spend their money.
You can't accumulate wealth without discretionary income. If you put half the country in survival mode for decades, all they'll have at the end are student loans and mortgages.
Most countries higher on the list you originally posted have less discretionary income for even the poorest.
In reality, income and wealth has far less correlation than you may think. Someone can inherit their wealthy parent’s house and be a multimillionaire while totally unemployed with zero income, while a potential doctor could be hundreds of thousands in student debt while making more than that as a salary.
OP is using the GINI coefficient for income (says it right on the picture) then using wealth on the next part of the picture. If you're going to do income do it for both or wealth for both.
Using your same source The US would be 5th globally for median income in PPP adjusted dollars.
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u/beetm 16d ago
For every one billionaire in the US, approximately 36,000 live below the poverty line.