(WSJ) World Income Inequality Even Worse Than Within U.S Says a Study by the St. Louis Fed

The income gap between rich and poor nations is more severe than the more highly publicized disparities between the top and bottom of the U.S. income ladder, according to a new study from the Federal Reserve Bank of St. Louis.

“While not to diminish the ample income inequality in the U.S., a focus on absolute inequality would suggest income disparity among the world’s population is a far greater concern,” write Lowell Ricketts and Christopher Waller, economic researchers at the St. Louis Fed.

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