In 1980, the United States was the richest country at every decile level, that is, at each 10% income level; today, that is no longer true.

Question

Quizplus · Accepted Answer

According to research by the Brookings Institution, in 1980, the United States was indeed the richest country at every decile level, but by 2016, that was no longer true. Other developed countries such as Canada and several European countries now have higher median incomes than the United States. Moreover, income inequality has increased within the United States, with top earners seeing much larger gains than lower-income households.

In 1980, the United States Was the Richest Country at Every