If you have some Facebook or Twitter friends who study social sciences, chances are you have seen a certain video on “Wealth inequality in America” already: Which percentiles of the population own which share of wealth?
I have two problems with this six-minute clip. First, it does not sufficiently explain the underlying data: The poll results are not as clear as it seems, and the video lacks comparisons to other countries. Second, more importantly, the clip fails to acknowledge that wealth is almost per definition distributed in a highly unequal way. Continue reading Wealth, income, (in)equality