Thursday, UNICEF released Fairness for Children: A League Table of Inequality in Child Well-being in Rich Countries (Innocenti Report Card 13). This comparative study looks at income inequality among households with children in the richest nations around the globe.
In the U.S., among households with children, there is a 58.9 percent gap between households at the median income level and those at the 10 percent level (those whose income is less than that of 90 percent of all households with children). Why is this measure important? Economists use it to show how far a country allows its poorest children to fall below children in families with an average income. In calculating it, all social programs that help to lessen the gap are taken into account. Read more