A Video Visualizes Wealth Inequality In The United States
If you have been following domestic politics in the US in recent years, the issue of growing wealth inequality will not have escaped your attention.
Here is an interesting video visualization of how Americans estimate wealth distribution, how they think it should be, and what the reality is really like. As far as I can see, the data is from 2010, but the general picture has remained the same, despite claims to the contrary.
Spoiler Alert: The distribution of wealth is way more skewed than the respondents to a recent large-scale survey thought it to be. Below the video, I linked its sources and further reading material.
Here are the video’s sources for the numbers:
“Wealth Inequality.” (Dan Ariely, behavioral economist, co-author of the study together with Mike Norton, which is linked in his blog post, 2010/09/30)
“CEO pay is 380 times average worker’s – AFL-CIO.” (Jennifer Liberto, CNNMoney, 2012/04/19)
“How Unequal We Are: The Top 5 Facts You Should Know About The Wealthiest One Percent Of Americans.” (Zaid Jilani, Think Progress, 2011/10/03)
“It’s the Inequality, Stupid: Eleven charts that explain what’s wrong with America.” (Dave Gilson and Carolyn Perot , Mother Jones, 2011/02)
Noah, Timothy. The Great Divergence. Bloomsbury, 2012. (Here is a review from the New York Times Sunday Book Review, and here is an interview with NPR.)