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> Due to that, statistically, Europe does worse than the US wealth inequality I had a quick look at Wikipedia's wealth Gini figures and this isn't the case. Pl
by dukeyukey 5y ago
> Due to that, statistically, Europe does worse than the US wealth inequality
I had a quick look at Wikipedia's wealth Gini figures and this isn't the case. Places like the Netherlands and Sweden score atrociously, but the three big European economies (France, Germany, and the UK) all have less wealth inequality than the US (significantly so for the first two), as do a whole host of other European countries.
- sokoloff 5y agoIt doesn’t look to me like Germany has significantly better score than the US. (0.818 Germany vs 0.852 US. 0.867 Sweden and 0.906 for Netherlands [with 0.736 the very year prior, making me suspicious of the stability of those data points as I can’t comprehend that wealth distribution across a country that large could change that much in a single year].) * - https://en.m.wikipedia.org/wiki/List_of_countries_by_wealth_inequality https://en.m.wikipedia.org/wiki/List_of_countries_by_wealth_...
- tchalla 5y agoIs the GINI scale linear? In other words, what does a difference of 0.81 vs 0.85 mean?
- withinboredom 5y agoThe Netherlands is quite small (about the size of LA + suburbs). I didn’t look at the data, but there was a major shift in 0-hour contracts in the last year due to COVID-19 which would probably impact those calculations[citation needed].
- sokoloff 5y agoThe figures in the table are 2018 to 2019, so predate CV-19. Even with that, those would seem like that could shift income inequality measures but not wealth inequality measures by such a wide range.