Income Equality: We’re Number 32
The US Census Bureau began tracking income inequality in 1967; in 2018, the level of inequality reached its highest peak. Recovery from the crippling 2008 economic downturn was slow but steady, but the economic separation between the rich and the poor became even more pronounced. The impact of the pandemic years only added to that separation.
All countries have income inequalities, but in looking at the OECD countries, we find that the United States ranks 32nd, just ahead of Bulgaria, Turkey, Mexico, and Costa Rica. Those countries with the least income inequality are the Slovak Republic, Slovenia, Czech Republic, Belgium, Norway, and Denmark.
Source: “Income Inequality,” OECD Data, https://data.oecd.org/inequality/income-inequality.htm.