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The top 20% of Americans owned 86% of the country's wealth and the bottom 80% of the population owned 14%. In 2011, financial inequality was greater than inequality in total wealth, with the top 1% of the population owning 43%, the next 19% of Americans owning 50%, and the bottom 80% owning 7%. [15]
The first date 1979 reflects the more egalitarian pre-1980 period, 2007 was the peak inequality of the post-1980 period, and the 2016 number reflects the Obama tax increases on the top 1% along with residual effects of the Great Recession. The top 1% earned 12% of market income in 1979, 20% in 2007 and 19% in 2016.
In underdeveloped countries such as Cameroon, Guinea, Pakistan, and Yemen, gender parity existed among the top 20% of earners; yet low GPI levels were present among the bottom 20% of earners. As such, policymakers and other stakeholders utilize GPI in order to target regions in which economic development is a primary cause of gender disparity.
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While the 30-year mortgage remains a popular way for Americans to purchase homes, you can find terms of 20 years, 15 years and 10 years. Shorter loan terms usually come with lower interest rates ...
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