
In the U.S., rising income inequality has been called the greatest threat to our democracy. And for good reason: Studies have shown that in countries where the rich make vastly more than the middle class and poor, support for democracy erodes. But where does the U.S. stand, relative to other countries?
Mint.com took a look, and produced this chart, which maps the level of inequality within a country, with an index called the Gini Coefficient. The results are sobering. While the U.S. might not show the inequality prevalent in Africa and Latin America--regions where political unrest and social problems are rife--we're also in some fairly shady company. The U.S. is one of the only first-world countries to rank alongside Russia, India, and Western Africa. Europe, Canada, Australia, and even Ethiopia do far better.
It hasn't always been like this in the U.S. In fact, recent studies have shown that we haven't seen such levels of income inequality since the Gilded Age of robber barons. It's no accident that such enormous concentrations of wealth led to widespread fears about concentrated political and economic power. Then, as now, we eventually landed in a global financial crisis. The question for the U.S. is whether the inequality will eventually abate--or whether our economy and politics are now so radically different that it'll persist for some time yet.
Related Stories: | Topics:Design, Work/Life, Info Graphics, data visualization, income inequality, gilded age, politics, Democracy, political unrest, Innovation, Technology, United States, Economic Issues, Gini Coefficient, Mint Software Inc., Russia |
Recent Comments | 5 Total
September 11, 2009 at 8:24am by Scott Stropkay
This graphic is interesting but not particularly compelling until you analyze it and overlay meaning like you have. One curious dichotomy in Americans is a fierce desire to believe in level playing field where anyone can achieve the American dream, coupled with a strange "you must not be trying very hard" blindness to the reality that there are really multiple playing fields - some a are pretty easy to play on and some are very hard. I'd like to see a US map of the averate income by zipcode next to a map of regional disparity. I bet it would be easier to see wild disparity swings similar to the global map and it should easier to make points about the inequities in our nation and perhaps get more of us to focus attention on those de-democratizing problems.
November 5, 2009 at 2:10am by Doublex john
There are various Numerical indexes for measuring economic inequality. Inequality is most often measured using the Gini coefficient, but there are also many other methods.
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