Tuesday, October 28, 2008
A new study from the OECD entitled Growing Unequal? reports on growing income inequality in all OECD countries over the course of the 21st century. This is not good news overall, and for us even worse news: the United States is behind only Mexico and Turkey for overall income inquality and poverty levels in OECD countries. "Since 2000, income inequality has increased rapidly" in the United States according to the study, as well as an increase in poverty among the elderly, a low social mobility in relation to other countries and very low expenditures on social benefits. As Bill Moyers said when commenting on this study, "now there's some real spreading around of the wealth - in one direction: up." For a PDF document for the United States "Country Note" of the report, click here.