inequality – Page 4 – Desdemona Despair

Global Human Development Index, 1990-2021. In 2021, the global Human Development Index value had declined two years in a row, erasing the gains of the preceding five years. The periods of the global financial crisis and the COVID-19 pandemic are indicated. Graphic: UNDP

September 17, 2022

Human Development Report 2022: For the first time, the Global Human Development Index declined for two years in a row, erasing the gains of the preceding five years – “The world is scrambling to respond to back-to-back crises”

NEW YORK, 8 September 2022 (UNDP) – The world is lurching from crisis to crisis, trapped in a cycle of firefighting and unable to tackle the roots of the troubles that confront us. Without a sharp change of course, we may be heading towards even more deprivations and injustices, warns the United Nations Development Programme […]

Futures prices of West Texas intermediate crude oil and lithium, May 2021-March 2022. Graphic: Bloomberg

March 29, 2022

A world that’s more expensive is starting to destroy demand – “A renewed spike in gas prices would see demand destruction become more widespread”

By David R Baker, Allison Smith, and Sheela Tobben 27 March 2022 (Bloomberg) – Prices for some of the world’s most pivotal products – foods, fuels, plastics, metals – are spiking beyond what many buyers can afford. That’s forcing consumers to cut back and, if the trend grows, may tip economies already buffeted by pandemic […]

Generational wealth gap in the United States, 1989-2020. In 1998, the American population under 40 years old held 13.1 percent of America’s total wealth. In 2020, those under 40 hold only 6 percent of the total wealth. This means that millennials and Generation X own less than half of the wealth that older generations owned when they were the same age. Graphic: Self Financial, Inc.

February 19, 2022

Graph of the Day: Generational wealth gap in the United States, 1989-2020

20 December 2021 (Self Financial) – In 2021, the average net worth in an American household aged 64-75 reached over $1.2m [1], while the average household under 35 had a net worth of just $76k. With these massive generational wealth gaps, Self decided to dig deeper into the historical wealth distribution of different generations to understand […]

Infographic showing statistics from Oxfam’s annual inequality report, “Inequality Kills”, which in 2021 found that inequality is contributing to the death of at least 21,000 people each day, or one person every four seconds. Meanwhile, a new billionaire is created every 26 hours. Graphic: Oxfam

January 19, 2022

Oxfam report: Inequality Kills – Inequality contributes to the death of at least one person every four seconds, while a new billionaire is created every 26 hours

By Elizabeth Endara 17 January 2022 (Oxfam) – Ahead of the Davos Agenda—the World Economic Forum’s virtual State of the World sessions—Oxfam released our annual inequality report, Inequality Kills, which found that inequality is contributing to the death of at least 21,000 people each day, or one person every four seconds. Meanwhile, a new billionaire is […]

Debt as percentage of GDP in emerging market and developing economies (EMDEs), 1970-2020. COVID-19 pushed debt in developing economies to the highest level in more than 50 years. By the end of 2020, private debt in EMDEs reached a record 142 percent of GDP. Graphic: World Bank

December 24, 2021

World Bank’s 2021 Year in Review in 11 Charts: The Inequality Pandemic

By Venkat Gopalakrishnan, Divyanshi Wadhwa, Sara Haddad, and Paul Blake 21 December 2021 (World Bank) – From uneven economic recovery to unequal access to vaccines; from widening income losses to divergence in learning, COVID-19 has had a disproportionate impact on the poor and vulnerable in 2021. It is causing reversals in development and is dealing a […]

Average annual global wealth growth rate, 1995-2021. Graph: World Inequality Lab

December 12, 2021

Global wealth inequalities are close to early 20th century levels, at the peak of Western imperialism – “The share of income presently captured by the poorest half of the world’s people is about half what it was in 1820”

8 December 2021 (World Inequality Lab) – […] An average adult individual earns PPP €16,700 (PPP USD23,380) per year in 2021, and the average adult owns €72,900 (USD102,600). These averages mask wide disparities both between and within countries. The richest 10% of the global population currently takes 52% of global income, whereas the poorest half […]

Percentage of wealth held by top 1 percent and middle 60 percent of U.S. earners, 1989-2020. After years of declines, America’s middle class now holds a smaller share of U.S. wealth than the top one percent. Data: Federal Reserve. Graphic: Bloomberg

October 10, 2021

Top one percent of U.S. earners now hold more wealth than all the middle class

By Alex Tanzi and Mike Dorning 8 October 2021 (Bloomberg) – After years of declines, America’s middle class now holds a smaller share of U.S. wealth than the top 1%. The middle 60% of U.S. households by income — a measure economists often use as a definition of the middle class — saw their combined […]

U.S. life expectancy, 1900-2020. Data: NCHS, National Vital Statistics System, Mortality. U.S. life expectancy fell by a year and a half in 2020, the largest one-year decline since World War II. The decrease for both Black Americans and Hispanic Americans was even worse: three years. Graphic: AP

July 26, 2021

U.S. life expectancy in 2020 saw “basically catastrophic” decline, biggest drop since World War Two – “In 2021, we can’t get back to pre-pandemic life expectancy”

By Mike Stobbe 20 July 2021 NEW YORK (AP) – U.S. life expectancy fell by a year and a half in 2020, the largest one-year decline since World War II, public health officials said Wednesday. The decrease for both Black Americans and Hispanic Americans was even worse: three years. The drop spelled out by the […]

Global map showing COVID-19 vaccine doses administered per 100 people, 20 July 2021. The map shows the huge difference in vaccination rates between some wealthy nations and the rest of the world. Graphic: Max Roser / Our World In Data

July 20, 2021

Map shows striking vaccination divide between rich countries and the rest of the world – “We are making conscious choices right now not to protect those in need”

By Sinéad Baker 19 July 2021 (Business Insider) – A map shows the huge difference in vaccination rights between some rich countries and the rest of the world. The graph, produced by Max Roser of the site Our World in Data, shows the proportion of each country to receive at least one dose of a coronavirus […]

Affordable rents in the U.S. in 2021 and wage earners grouped by earnings. Even under the best of circumstances, rent is unaffordable for most low-wage workers. Graphic: NLIHC

July 18, 2021

Minimum wage workers can’t afford rent anywhere in America – “In no state, metropolitan area, or county can a full-time minimum-wage worker afford a modest two-bedroom rental home”

By Anna Bahney 15 July 2021 (CNN) – Housing has become so expensive in the United States that the typical minimum wage worker cannot afford rent, according to a new report. There is no state, county or city in the country where a full-time, minimum-wage worker working 40 hours a week can afford a two-bedroom […]