Wealth inequality is quite a bit worse than income inequality. People often say how our income inequality after taxes and transfers is one of the best in the world, but there’s a reason we’re so obsessed with homeownership: because it’s not about income here, it’s all about wealth, specifically real estate holdings.
Wealth inequality is quite a bit worse than income inequality. People often say how our income inequality after taxes and transfers is one of the best in the world, but there’s a reason we’re so obsessed with homeownership: because it’s not about income here, it’s all about wealth, specifically real estate holdings.
The Gini coefficient for wealth is 0.66, compared to 0.45 for income
Looks like worse, but improving, which is positive.