Tuesday, October 21, 2008

Group's Study Finds Income Gap Widening -- WSJ

Economic inequality is growing in the world's richest countries, according to a 30-nation report released Tuesday.

The U.S. has the highest inequality and poverty rates in the OECD after Mexico and Turkey, and the gap has increased rapidly since 2000, the report said. France saw inequalities fall as poorer workers are better paid.

Wealthy households are not only widening the gap with the poor, but in countries such as the U.S., Canada and Germany they are leaving middle-income earners farther behind.

Poverty gap growing in many countries United Press International
UK's income gap among highest: report Radio Australia Bloomberg
guardian.co.uk - AHN - BBC News

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