The rich are much richer than many of us realize, and it’s a result of the way we measure wealth

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  • It is not possible to quantify the disparity between rich and poor by focusing solely on income. 
  • In order to effectively calculate the scale of inequality, factors such as tax, education, and healthcare opportunities need to be taken into account.
  • Reportedly, in 2013 the wealthiest 5% of American households held 62.5% of all assets in the U.S.

“If poor people knew how rich rich people are, there would be riots in the streets.”

Actor and comedian Chris Rock made this astute statement during a 2014 interview with New York magazine, referring to the yawning gap between rich and poor. In so doing, he stumbled upon a key challenge in the study of inequality.

See the rest of the story at Business Insider

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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