0 $
2,500 $
5,000 $
1,120 $
JUNE 2021

U.S. Has The Most-Unequal Wealth Distribution of Any Major Country

Support SouthFront

U.S. Has The Most-Unequal Wealth Distribution of Any Major Country

Illustrative image

Written by Eric Zuesse.

The most-reliable information-source regarding the distribution of wealth inside each country is the periodic nearly 200-page Credit Suisse “Global wealth databook,” which is produced by a large team and is therefore too costly to generate annually, but the latest freely available edition of it is their “Global wealth databook 2019”.

Wealth-data are far more private, and difficult to calculate with any reliability, than are income-data, because ownership is often hidden, especially at the upper levels of wealth. Consequently, even for a single country, the distribution of wealth is very costly to calculate. To do it with sufficient reliability so that the percentages can be compared between the world’s countries is next to impossible, but Credit Suisse’s team were able to calculate it for each of 30 countries, as regards the percentages of wealth that are owned by the richest 10%, and, also, for each of 27 countries as regards the percentages of wealth that are owned by the richest 1%.

In the following two lists, only the findings for the most-recent year that was able to be calculated with any reliability are being shown.

Slovakia had the most-equal distribution, with the top 10% owning 34.3% of the wealth, and the top 1% owning 9.3% of the wealth.

Uruguay, which was the only Latin American country on the list, had the most-unequal distribution, with the top 10% owning 77.1% of the wealth, and the top 1% owning 38.6%. (Wealth-distribution doesn’t necessarily correlate with income-distribution. For examples: In the latest U.N. Development Program calculation of Uruguay’s “Income Gini coefficient” — higher number means more unequal, and the average is around 35 — shows, for 2020, 45.3. That’s not extraordinarily unequal. Worst of all is Seychelles, at 65.8. U.S. is 40.8. China is 42.1. Russia is 40.1. Norway is 25.8. Germany is 28.3. Sweden is 25.0. Slovakia is 26.0. Haiti is 59.2. Guatemala is 55.9. Honduras is 57.0. Bolivia is 56.3. Brazil is 54.7. Chile is 52.1. Mexico is 47.2. South Africa is 63.1. Vietnam is 35.6. Venezuela is 44.8. Iran is 38.3. Syria is 35.8. Indonesia is 38.1. India is 33.9.)

Of course, one might expect Latin American countries — sometimes called “banana republics” — to have the largest percentage of the wealth owned by the fewest-percentage of the population. However, on its wealth-distribution, America, the United States, was the second-worst, very similar to Uruguay: it had the top 10% owning 75.0% of the wealth, and the top 1% owning 35.5%. The 3rd-worst country on the list was Netherlands, with the top 10% owning 68.3%, and the top 1% owning 27.8%. (Indonesia was slightly worse than Netherlands, on the top 1%, with 28.7%, but the top-1% data there were from 1998 and so might be quite different from the current reality; and, on Indonesia’s top-10% data, which were from 2014, Indonesia’s 36.4% was almost as equal as Slovakia’s 34.3%. So, Indonesia doesn’t score badly overall, but the latest-available wealth-data there are 23 years old and therefore not reliable as a reflection of current reality.) Sweden was among the most-unequal countries, 67.0% on the top-10%, and 24.0% on the top-1%, but all of those data were from 2007 (which also is fairly old; so, the 67% might also be reasonably questioned).

The most-equal major country on the list was Japan, which had 41.0% on the top-10%, and 10.8% on the top-1%.

Here are those data:

“Global wealth databook 2019”

“Table 1-5: Wealth shares for countries with wealth distribution data”

Wealth of Top 10%:

  • Austria 2017 = 56.4%
  • Belgium 2014 = 42.5%
  • Canada 2016 = 47.3%
  • Chile 2011 = 37.6%
  • China 2013 = 48.4%
  • Cyprus 2010 = 56.8%
  • Denmark 2015 = 64.0%
  • Estonia 2013 = 55.7%
  • Finland 2013 = 45.2%
  • Germany 2012 = 57.5%
  • Greece 2014 = 42.4%
  • Hungary 2014 = 48.5%
  • India 2012 = 62.1%
  • Indonesia 2014 = 36.4%
  • Ireland 2013 = 53.8%
  • Italy 2014 = 42.8%
  • Japan 2014 = 41.0%
  • Luxembourg 2014 = 48.7%
  • Malta 2010 = 46.9%
  • Netherlands 2015 = 68.3%
  • N.Z. 2014 = 52.9%
  • Norway 2014 = 51.5%
  • Poland 2014 = 41.8%
  • Portugal 2013 = 52.1%
  • Slovakia 2014 = 34.3%
  • Slovenia 2014 = 48.6%
  • Sweden 2007 = 67.0%
  • UK 2014 = 48.0%
  • U.S. 2016 = 75.0%
  • Uruguay 2013 = 77.1%

Wealth of Top 1%:

  • Austria 2017 = 22.6%
  • Belgium 2014 = 12.1%
  • Canada 2016 = 13.6%
  • Denmark 2015 = 23.6%
  • Estonia 2013 = 21.2%
  • Finland 2013 = 13.3%
  • France 2014 = 18.6%
  • Greece 2014 = 9.2%
  • Hungary 2014 = 17.2%
  • India 2012 = 25.7%
  • Indonesia 1997 = 28.7%
  • Ireland 2013 = 14.8%
  • Italy 2014 = 11.7%
  • Japan 2014 = 10.8%
  • Latvia 2014 = 21.4%
  • Luxembourg 2014 = 18.8%
  • Netherlands 2015 = 27.8%
  • Norway 2014 = 18.3%
  • Poland 2014 = 11.7%
  • Portugal 2013 = 14.4%
  • Slovakia 2014 = 9.3%
  • Slovenia 2014 = 23.0%
  • Spain 2014 = 20.2%
  • Sweden 2007 = 24.0%
  • UK 2008 = 12.5%
  • U.S. 2016 = 35.5%
  • Uruguay 2013 = 38.6%

Investigative historian Eric Zuesse is the author, most recently, of  They’re Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010, and of  CHRIST’S VENTRILOQUISTS: The Event that Created Christianity.

MORE ON THE TOPIC:

Support SouthFront

SouthFront

Subscribe
Notify of
guest
32 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
jens holm

Those numbers are very nice but not usefull for anything at all.

Simple math says You also has to combine with the GDP, where You can take the % from a high level, a middle level or a low level GDP.

By that even the poorest in USA has a much higher livingstandard then many in cpountries having a middel or low GDP.

Ownership is not only bad. It also creates a lot of jobs, a livingstandard and tax comming back a fx free school, free education, free healtcare, free hospitalcare and free pension.

Well more or less free.

Eric Zuesse seemes to se being rich only is dead tons of gold under pillows. He is far out.

f he reall cared, he would try to count deciders. Those are many more then the rich ones and why we have parlementarisme. Those neutralize and outbalance hardhead being rich and only decider.

He also says WIKIPEDIA is full of lies. It might be partly true but any are allowed to change texts in WIKI and for him too. o far WIKIPEDIA as WELL as WKIMEDIA and other THE BEST WE HAVE.

Any site for any information about things has to be used with a filter.

I see the BIAS and MANIPULATION here every day. People try to make all opposition into some Nazi look a like from Belarus. Well most people are not. PÆeople cant even see that the bomb alarm came after the landing as well.

So what do Mr Eric Zuesse do himself. He is not sober giving us completly irrelevent data. Tempting to conflude all should live in refugee camp and by that being equalized.

Lrcaptain

SF please just get rid jens holms
trolling is not free speech
harassing people in other own conversations is not free speech
these actions are in fact opposite of free speech

they meant to ruin to comments section drive people away, many commenters still supported you, If you have any fight in you please get rid of Jens holms

jens holm

Thats no coement to the difficult relations to numbers and what they show. Its very much the opposite Claiptain saying any should ignore any facts and create their own.

And its some kind of addiction sheep telling each other bah and next they are telling each other bah bah – and nexxt.

thats no debate or anything else but pure selfdestrution making themself into even more dark, then they are born with or forced too assimilate.

Lrcaptain

the fact are there is a point when you make too much money.
The US version of capillitium is failure no guard rails no safety nets
The Danish and Norway versions are more stable and should be the standard

industries need regulation and restrictions
other wise companies would put bleach in children fruit drinks to increase their self life.

when companies see things like state supplies water and electricity they really see dollar signs, cause that a market that state keeps them out of.

tell me jens do think there should be max wage
for me 7-9x the starting wage should be fair.

yuri

Norway yes, Denmark Sweden no

jens holm

Well, Ypoirs too. You sll will dry out by the clkimate things. We only has been succesfull for 50%. And we try to improve that. We have to absorbe them.

Even very biased I can confirm what we do. After 10 years with everything paid free including schools, kindergarden, learning danish, education, free hospitals, free halthcare and a lot of other things free such as free housing in good aprtments, where some now are classifies as GHETTOS about 50% of the incommers has no descent jobs and the females are restricted and the women are not allowed to have a job. We also see a devatsting overcrime.
We never asked them to come. Danes creates advanced jobs. We have too many for non educated jobs.

They have to learn to be represented in all levels of education, income, housing and most kinds of behaving.

SUNNI also say follow the traditions, so You and Your children can have a good life. By taking their children to another place then says, they have to integrate in this as well as it goes.

The ideas are very easy to understand. If You are in a Ghetto in Our definition, You only some places hardly meet a single dane. If You have no job You dont meet a single dane. How can You integrate.

So we spread out, so they cant avoid learning how things are and Our good sides – fx how we can support them well by how we are -Some even think we have stolen Our kroner money from their countries:)

It makes no sense to compare with USA unless You might compare with Sanders. Well actually Sanders has taken very releveant parts for USA as inspiration.

We invest in all people from birth and also after we are grown ups after 18 years old. We support it by high tax but many things then is free for any pay.

We raise people to be less dependent on family will and income too by financing most educations. Yu can be a lawyer, a doctor and enginieur withj no help from You parents. By that Your education and elvel is by own choise.Several muslims in Copenhagen only new by a few lessons, that Denmark is not only one big City named Copenhagen and we have a lot of farmland and many small villages, where many incommers could do fine. Its chheper there. Many actualy are farmers themself and then could get a cheep house and grow vegetablkes and have some hens or something.

So I dont care where those people live here, BUT THE CERTAINLY SHOULD NOT BE HERE BY MY TAX EVEN MONEY – MY MONEY – GET ITI dont buy half a toruist camel for that family crap. Denmark is not based on families like that anymore because of its LIMITATIONS. By that we are selkular and for that raise children to be more independent and flxibele.FAMILIES HERE IN DENMARK IS NOT THE WELLFARESYSTEM. THE SEKULAR STATE IS.

AND AGAIN: Moving around people like that slightly forced is because Danes normally do it themself, when they grow up and make their own independent small family.

So What many see as we are horrifying people almost deorting is normal here. We dont raqise people as obeying sheep to their Fathers and Grandfathers funny farm. Here we also see in those Ghettos, that so many firls and You8 womens are totally family controlled.

Half the vomen in safehousing in Denmark are muslims ones even less the 4% are muslims.

Those people show us no respect. They still get everything where they are spread out. No tents. Their women already has a tent:(
Its also cheeper for the country if unimployed lives, where the prices for houses are skyhigh as in Copenhagen.

It makes no sense to compare with USA unless You might compare with Sanders. Well actually Sanders has taken very releveant parts for USA as inspiration.

We invest in all people from birth and also after we are grown ups after 18 years old. We support it by high tax but many things then is free for any pay.

We raise people to be less dependent on family will and income too by financing most educations. Yu can be a lawyer, a doctor and enginieur withj no help from You parents. By that Your education and elvel is by own choise.

And yes, there is a waste by that. Not everyone are doing their best or choise their right level. But adding and subtracting You it pays off. More gets education, high income and ny that also pays more tax in better livingstandards.

We say we include everybody. You almost is OUT. By that people mainly has high responsability and trust and rely for the state.

We fight Covid like that. After the first chock we are now among the best in deatrates for Covid. Thats because people do, what they are adviced to. We also are among the lowest in corruption. So we fight for Our own country in Our own way. We try hard. And let me remind You we do feed those people. If they dont like us, we love they go anywhere else. We never asked them to come. Its about tech as well as economy for fx drones and advanced warfare. Syria is a very low educated country and people comming here hardly as refugees hardly are able to be used to anything after years. The women are kept even more illeterate stupid.

Its very strange You cant even see how they behave in warfare and even today has not learned even done by the Germans and Americans during WW2.
If You want to live here, You has to be a part of us and as a minimum support Yourself as well as few in the statistics should be criminals.

Most mulsims here poor or not are not criminals at all. So the ones we move and spread out are those, which are in high criminal groups or gangs. I take the Ghetto perspective again: Bad muslims threat other rmuslims bad more then they treat “old danes” bad.

Some in the article above also forget that 2 of 3 crimes in Denmark as well as in the rest of the world are inside the families and their affiliated. Very much of the muslim crime is against muslims and muslims which has done nothing.

Finally we have tranlated the Choiran into Danish in a traditional and a modern version. Many muslims has never written a single line of the Choran as well as the haditts and they also have thrir own old mens Sharia treating women extra bad. But too often Young men are treated bad as well.

....

More idiotic nonsense

yuri

CIA village idiot jens amusement at SF

America is KAPUT

Jens is a uneducated attention seeking moronic troll and should have been banned a long time ago as these trolls thrive on ruining discussion and free speech.

j̼̅ẽ͓ns̜͘ hol͖͘m̘̖̲̞͓͐̄͂̈͡

Prove that you are really danish jens, say something in danish to me!

jens holm

Du er fandme mærkelig selv. Du er så lille, at Du end ikke kan bruge dit eget navn. Hvis nogen skal bevise noget, så er det sig selv.

Du tager ting grebet helt ud i luften og lyver som bare pokker. Du aner ikke, hvad Du skriver om. Selv børnehavebørn her ved mere end dig.

jeg forsøger så at lave om på det, men igen er det mere vigtigt om Jeg fx er dansk end mine data kan controlleres og mine egene meninger og argumenter er velbegrundede.

Du kender heller ikke forskellen på, om jeg fortæller facts og altså er en slags lærer – eller jeg skriver min egen mening.

Der er intet mærkeligt i, Du og I har et kommunikationsproblem.

Det er akkurat det sammme om USA, Jøder, NATO, EU, LGBTS og at vide noget om opbygning af lande og kvinder her ikke får penge ved skilsmisse, fordi deres del af GDP er 22.000 dollar mens mændenes er 35.000 dollar. De kan derfor selv. De har deres egen bankkonto. Men det er naturligvi´s HARAM forlille dig.

yuri

dumb dane submissive, obedient robot
by gini-coffecient of 60 nations examined US greatest wealth income disparities of all nations—-Allianz
dumb night porter unable to comprehend PPP

j̼̅ẽ͓ns̜͘ hol͖͘m̘̖̲̞͓͐̄͂̈͡ https://jensholm.se

I translated this on google, and its still the SAME bollocks you write day in day out. So the problem is not the laguage but your rotting brain. Why do write stuff that has nothing to do with our topic? Why do you never admit to being wrong? Why are you obsessed with LGBT??

du er en retarderet psykafdeling, din “argumenterer” er baseret på løgne og lort, der overhovedet ikke giver mening.

btw dit sprog stinker og lyder homoseksuelt.

Yup I bet his danish is as broken and retarded as his english.

yuri

idiot night porter on LSD denies truth—now revealed fascist Denmark US colony helped CIA spy on Merkle
Wikipedia is iron rule of oligarchy—200 CIA agents funded by US corporations to feed stupid night porter lies she craves
swamp slime fascist—vilage idiot at SF

yuri

Jens becoming more stupid, senile—will believe any CIA lie (wikipedia)

tobi999

Jens are u an idiot, living costs are much higher in the US, rent, healthcare, energy, internet,water…. are you so total dumb or whats wrong with you???

yuri

night porter pays 300 k for internet—worst 8mps in dk 25 USD
amerikan pays 50-100 USD per month
I pay 8 USD per month
thieves and beggars in USA and colonies

US IS A FAILED STATE

You are dumb uneducated troll who is shill for the Jews who have destroyed the US and the west. The real issue is that the US since its genocidal slave trading inception is a failed state built on dehumanized greed and now the situation is far more dire as America is in a race to the bottom as power has shifted to Eurasia and the delusional Jew agenda of endless wars has sapped the bankrupt US economy and much worse is yet to come.

Jens Assholm

Moron, this has nothing to do with GDP whatsoever. It’s entirely about WEALTH DISTRIBUTION but you braindead imbecile cannot write nor read: the only thing you can do is to spam idiotic garbage and obsessively and obediently suck yankee buttholes like a dumb bitch. That’s exactly what you are. A stupid slave bitch.

Sean

According to data from the World Bank, South Africa followed by Brazil and a handful of Sub-Saharan African countries have the least income inequality, while Ukraine is listed 25 or 26 (more income equality than Russia at 34 or 35).

There is no data from Saudi Arabia and a few other Gulf states, I would imagine the Saudis hold a monopoly over their own national wealth. For certain the largest degree of wealth inequality is found in Africa and Latin America. As for the United States with the least income equality among any western country, that country is basically a giant shopping mall.

https://www.statista.com/forecasts/1171540/gini-index-by-country

The following countries rank lower than the USA in terms of income equality:

Angola, Peru, Uganda, Nigeria, Mexico, Madagasgar, Zimbabwe, Papua New Guinea, Ghana, Bolivia, Turkey, Rwanda, Chad, Nicaragua, Ecuador, Malawi, Dominican Republic, Guatemala, Seychelles, Chile, Cameroon, Benin, Costa Rica, Paraguay, Honduras, Columbia, Republic of the Congo, Panama, Brazil, Botswana, Mozambique, Lesotho, Zambia, Nambia, South Africa.

KnowTheJew

This is a feature of the Jews’ grift-money based grift-machine.

America is KAPUT

Jews have destroyed an already failed state US which is now totally being ripped off by Jews and their global endless wars agenda.

Ams

Inshallah they are SCHTOPPED!

yuri

CIA pays jens with LSD to post her delusions at SF—amusing village idiot at SF

Last edited 14 days ago by yuri
yuri

uncivilized dinkmark, nearly as fascist as USA where night porter Jens pays 6 US for coffee and only live culture is cheese posting CIA lies—cultural, intellectual impoverishment equality for jens
LGBT cheese=equality

yuri

not addressed is home ownership—-in US freedom a 30 year mortgage; few Americans own homes—in China 95% own their home, in Denmark jens owns cheese, amerikans/germans own denmark, in Russia 89% own their home—-3 million amerikan families extreme poverty—1 million homeless that own their tents not counted

Martin

The most ironic part of the poor of so many people in the US is that the US is hiding its massive wealth from the voters.

That is done by putting it into fonds for future purposes like repairing a bridge. Then the money immediately counts as spent and then gets invested to buy up the world.

And by doing this they can produce numbers of high deficits event though they have three to five times more assets than debt.

Exploiting other countries by forcing worthless money onto them by the most costy military in history does not leave you poor it makes you rich.

But the people running the US don’t treat their own citizans as mere slaves and want to keep taxing them to control the population.

People have found that the US is so rich, that none in the US would need to work anymore and still live more rich than in most other countries in the world. But of course they won’t use the money for the benefit of the people but only for themselves and to gain more power and more wealth than they already have.

US is by all measures the home of SATAN.

AmeriKKKa sucks

US is bankrupt failed shithole in a losing war with China, which has trillions in reserve and an arms race will impoverish the redneck losers who already live worse than dogs as the Jew scammers have ripped off the trailer trash. US is a pathetic joke and average brainwashed trailer trash clowns are at the receiving end. China can outspend the deadbeat Americunts anytime.

Last edited 13 days ago by AmeriKKKa sucks
32
0
Would love your thoughts, please comment.x
()
x