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Describe some of the ways in which measures of income inequality in the United States exaggerates...

Describe some of the ways in which measures of income inequality in the United
States exaggerates this inequality. Do you think there is inequality? Support your reasoning.
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The U.S. Census Bureau publishes two measures of income inequality each year. ... The Census Bureau also reports the Gini index, a summary statistic that measures the dispersion of incomes on a scale of zero (everyone has exactly the same income) to one (one person has all the income).

in America we now have more income and wealth inequality than any other major country on earth.” Not really. Sanders excludes nations such as Russia, Turkey and Brazil from his definition of “major.”

  • According to the World Bank, at least 41 countries have greater income inequality than the U.S. And those include Israel, Brazil, Mexico, Chile and Argentina.
  • And according to the most recent Global Wealth Databook, the U.S. ranks 16th out of 46 economies studied in the share of wealth held by the richest 1 percent. Russia, Turkey, Egypt and Brazil are among those whose top 1 percent hold more of their nations’ wealth.

Sanders has made this claim a part of his standard political speech, and he repeated it May 26 as he formally announced that he is running for the Democratic presidential nomination in 2016. We judge it to be misleading, and an exaggeration.

He mentioned both income and wealth, which are not the same things. We’ll deal first with income.

In September 2019, the Census Bureau reported that income inequality in the United States had reached its highest level in 50 years, with the GINI index increasing from 48.2 in 2017 to 48.5 in 2018.

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