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In the US four in ten people can’t come up with $400. People are paid a lot more than in other countries, but retain hardly any wealth. A large percent of Ameri

In the US four in ten people can’t come up with $400. People are paid a lot more than in other countries, but retain hardly any wealth. A large percent of Americans are paycheck to paycheck, meaning once housing/food/healhcare/other essential unmovable costs are paid for, there is no money left to save for anything. America might have the greatest level wealth inequality in the world.

DuskStar 7y ago
> In the US four in ten people can’t come up with $400. I'm pretty sure this is due to some really poor surveys, not the actual state of things. There's a number of debunkings, too. [0] > America might have the greatest level wealth inequality in the world. According to Wikipedia, the gini wealth coefficient list (as of 2000) goes Namibia, Zimbabwe, Denmark, the world as a whole, Switzerland, and then the US. [1] Most people would not consider Denmark to be a particularly unequal country. For more recent numbers it seems that Russia, India, Thailand, Indonesia, Brazil and China all have a higher proportion of wealth in the hands of the 1% than the US does. [2] That's as of 2016, and I don't think the US was able to 'catch up' that much in the past 3 years. 0: https://www.bloomberg.com/opinion/articles/2019-06-04/the-400-emergency-expense-story-is-wrong https://www.bloomberg.com/opinion/articles/2019-06-04/the-40... 1: https://en.wikipedia.org/wiki/List_of_countries_by_distribution_of_wealth https://en.wikipedia.org/wiki/List_of_countries_by_distribut... 2: https://www.statista.com/chart/6908/the-worlds-most-unequal-countries/ https://www.statista.com/chart/6908/the-worlds-most-unequal-...