A Closer Look at the Distribution of Wealth
Wealth Inequality – Developed Countries as of 2018
Wealth inequality highlights how assets and resources are spread across populations. This dashboard explores the state of wealth distribution in developed countries as of 2018, revealing gaps between the richest and the rest. See how factors like inheritance, income, taxation, and housing markets shape economic divides. By examining these disparities, we gain insight into the challenges of achieving financial fairness and the ongoing efforts to build more equitable and inclusive societies.
On average, the wealthiest 10% of households in OECD countries hold 52% of total household wealth. In the United States, this share is as high as 79%, showcasing significant disparities.
Conclusion
The success of the Nordic countries in achieving high social well-being metrics, despite their challenging climates and high tax rates, can be attributed to the strategic use of tax revenue to fund robust social policies. These policies, including a strong social safety net, work-life balance, equality, and high-quality public services, create an environment where citizens thrive.
This comprehensive approach not only elevates the standard of living but also fosters a sense of community and trust, further enhancing the well-being of these societies. As a result, the need for emigration from these regions has decreased, reflecting the stability and quality of life that their social systems provide.
