+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Inequality is bad for everyone - even the rich - and here's the Morgan Stanley report to prove it

Nov 25, 2015, 19:17 IST

Here is Morgan Stanley's new ranking of the most-equal, and least-equal, rich countries:

The highlights:

  • Inequality in the US is about the same as Portugal, Italy, Greece and Spain - countries that in Europe are regarded as economic basket cases.
  • There is a wide gulf between Germany and France, the two big economies that neighbour each other at the heart of Europe. The UK sits between them.
  • Those cliches about Northern Europe and Scandinavia? Basically true.
  • Internet access is a good proxy for inequality. The more people have it, the more equal a society is likely to be.

Inequality has become worse more recently, Morgan Stanley says:

Here is how much the top 10% take of each nation's total wealth and annual income:

NOW WATCH: Jeff Sachs: Here's why the Middle East is going to get a lot worse

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article