May 19, 2024

Room For Debate: Rising Wealth Inequality: Should We Care?


income inequalityYarek Waszul

Many studies have shown that income inequality is rising. In several different types of communities, median family income is lower now than 30 years ago. Yet an intriguing survey by Michael Norton and Dan Ariely found that Americans believe wealth distribution to be far more equal than it actually is and, if given a choice, they would select an even more equitable scenario.

Why do Americans seem relatively unperturbed about growing income inequality? Is it a lack of awareness, or are there other factors?

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Topics: Economy, income inequality


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