Rich Unitedstatians Own 30% of Wealth in Extreme Inequality
Alternative headline: "Indian wealth hoarding run amok; inequality eclipsing even United States"
That's a fair comparison, and would give me the appropriate "Oh shit!" that this headline just didn't offer.
Even a single, well-known point of reference makes it better. We all know world income inequality is absolutely nuts. But to pick out a particular one needs at least some kind of reference point (unless it's an Indian article for Indian people, like an article from the U.S. for the U.S.).
USA top 1% holds 30.6%
Top 10% in the US hold 70% and the bottom 50% hold 1%, that is still pretty gross.
https://financebuzz.com/us-net-worth-statistics
that's insane
Rich Unitedstatians Own 30% of Wealth in Extreme Inequality
Alternative headline: "Indian wealth hoarding run amok; inequality eclipsing even United States"
That's a fair comparison, and would give me the appropriate "Oh shit!" that this headline just didn't offer.
Even a single, well-known point of reference makes it better. We all know world income inequality is absolutely nuts. But to pick out a particular one needs at least some kind of reference point (unless it's an Indian article for Indian people, like an article from the U.S. for the U.S.).
I couldn't agree more if I tried 🤜🤛