Quick: what's the biggest criticism of the U.S. wealth structure? Surely, that'd be that, in a time of economic difficulty, the rich keep getting richer while the poor continue to suffer. CEOs make too much, and the middle-class is disappearing, right?
Well, right, but are income gaps in the U.S. really expanding at the rate we think they are? And, could the wealth disparity in Canada really be growing faster than its neighbours to the south? With data from the Conference Board of Canada, here are the ten countries where income gaps have risen the most since the mid-1990s.
* Income gaps are measured by the Gini index, where a score of 1.0 would indicate one person has the entire wealth of a nation. Typically, scores ranging between 0.3 and 0.4 suggest a country has significant income inequality. Data compared from the mid-1990s to late 2000s. Countries surveyed are considered to be the 16 economic peers of Canada.
