(PHOTO: theonion.com)
Chile, Mexico and the U.S. are the developed countries with the highest rates of inequality, the Organization for Economic Cooperation and Development said in a report cited by Bloomberg News.
The OECD uses the Gini coefficient, a measure of household income to measure wealth distribution. Its value is zero in a country where everybody has the same income and 1 in a country where one person has all the income.
Chile has a Gini coefficients of 0.47, just ahead of Mexico at 0.46. The U.S. reading is 0.39. That compares to readings of 0.24 for Iceland, where inequality is the lowest, and 0.25 in Norway and Denmark, which rank second and third. Among Group of Seven countries, Germany and France have the lowest ratios, with readings of 0.29.
Across the developed world, the level of inequality remains near its highest since the 1980s, according to the Paris-based institution.
“Incomes at the bottom of the distribution are still well below pre-crisis levels while top and middle incomes have recovered much of the ground lost during the crisis,” the OECD said.
Source: bloomberg.com
Comments
more recommended stories
Photo of child playing and bathing in a river with jaguars goes viralThe image of a child swimming.
Activists and municipal authorities clean up the “Ek Bis” cenote in Hoctún, YucatánAround 70 people, including volunteers and.
Tonantzin, the deity behind the Virgen of Guadalupe cult.The virgin of Guadalupe has been,.
López Obrador acknowledges effectiveness of the Yucatan PoliceMexican president Andrés Manuel López Obrador.
Number of foreign tourists in Mexico grows by 6.5%The tourism industry in Mexico continues.
What is an “Aguinaldo” and how is it calculated?The Aguinaldo or “Christmas bonus” is.
American Senator Chuck Schumer calls Trump wall threat ‘temper tantrum’A closed-door meeting between President Donald.
Large quantities of sargassum wash up on beaches of Progreso after cold frontOnce again, harsh weather conditions hit.
Trump administration blocks Climate Science Report from Paris AgreementKatowice, Poland, December 11th, 2018 —.
Yucatecan clothing companies trained in labeling regulationsA total of 40 Yucatecan textile.
Leave a Comment