Equality
🤑 Swedes have become three times wealthier and also more equal in the 21st century
Median wealth rose by nearly 400 percent between 1999 and 2020. The richest 10 percent reduced their share of total wealth from 67 to 57 percent. The share of adults with no net wealth fell from 21 to 16 percent.
📈 The gap between the world's richest and poorest has more than halved since 2000
The ratio between the richest 10 percent's consumption and the poorest 50 percent's has decreased from 40 to 18 times since the turn of the millennium. Low- and middle-income countries have driven the development through faster economic growth than rich countries.
💵 Wage gaps decrease globally according to new ILO report
Wage inequality has decreased in two-thirds of all countries since 2000. Low-income countries show the most significant decreases in wage inequality, with an annual decrease between 3.2 and 9.6 percent.
💵 Economic inequality decreases in more countries
The number of countries with high inequality has decreased from 74 to 51 between 2000 and 2020. The number of countries with low inequality increased from 20 to 32 between 2000 and 2020.