Income inequality grows in UK and USA
- UK income inequality increased by 32% between 1960 and 2005. During the same period, it increased by 23% in the USA, and in Sweden decreased by 12%.
- In the 1960s Sweden and the UK had similar levels of income inequality. By 2005 the gap between the two had increased by 14%.
- Since the 1980s, income inequality in the United States and the UK has increased substantially and has returned to levels not seen since the 1920s.
How do I know? These facts are extracted from this research digest.