Income Inequality and how the middle class has been screwed – final

Income Inequality and how the middle class has been screwed

Obviously, our country is not the only one that has screwed the middle class but the fact that our wage gap continues to widen is alarming. I think it worthwhile to see how we stack up when compared to other industrialized countries that operate within a democratic system:

UN and CIA list – income ratios and Gini indices

Key:
R/P 10%: The ratio of the average income of the richest 10% to the poorest 10%.
R/P 20%: The ratio of the average income of the richest 20% to the poorest 20%.
Gini: Gini index, a quantified representation of a nation’s Lorenz curve. A Gini index of 0% expresses perfect equality, while index of 100% expresses maximal inequality.
UN: Data from the United Nations Development Programme.
CIA: Data from the Central Intelligence Agency‘s The World Factbook.

Country UN R/P World Bank Gini [3] CIA R/P [4] CIA Gini[5] 
10%[6] 20%[7] Year 10%Year%Year
         
Australia 12.55.834.7201012.7199430.32008
Austria 6.94.930.520146.8200426.32007
Belgium 8.24.228.120148.3200025.92013 est. 
Canada 9.46.23420139.5200032.12005
Denmark 8.1428.52014122000 est.24.82011 est. 
Finland 5.63.926.820145.7200026.82008
France 9.15.232.320148.3200430.12013
Greece 10.27.135.8201410.42000 est.34.42013 est. 
Hungary 5.54.930.920145.6200224.72009
Iceland  3.625.62014  282006
Ireland 9.45.131.920149.4200033.92010
Israel 13.49.841.4201211.8200537.62012
Italy 11.66.634.7201411.7200031.92012 est. 
Japan 4.55.432.120084.5199337.92011
Netherlands 9.24.428.620149.2199925.12013
New Zealand 12.4     36.21997
Norway 6.14.126.820146200026.82010
Poland 8.8532.120148.7200234.12009
Portugal 156.435.620149.21995 est.34.22013 est. 
Slovakia 6.74.126.120146.7199625.32012
Slovenia 5.93.725.720145.9199823.72012
South Africa 33.128.463201431.9200062.52013 est. 
Spain 10.37.336201410.22000342011
Sweden 6.24.627.220146.2200024.92013
Switzerland 95.232.520138.9200028.72012 est. 
United Kingdom 13.85.434.1201413.6199932.42012
United States 18.59.441.52016142014 est.472014
 World    122002 est.382007

The US ranks highest in terms of unequal distribution of income among all of the above countries! =

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