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Jul 23, 2017    10:34:39 PM


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Posted by: YoNews
« on: Jul 17, 2017    07:20:06 PM »

Oxfam report: Gap between rich and poor in US among highest of major industrial countries

Although the US is the richest country in the history of the world, its level of inequality is among the highest of major industrial countries, according to a new Oxfam report which says that tens of millions of working Americans are impoverished.

In 2015, 193 United Nations member states promised to reduce inequality as part of the Sustainable Development Goals (SDGs). Oxfam's Commitment to Reducing Inequality Index, released Monday, ranks 152 countries based on how they are tackling the gap between rich and poor.

The report breaks down each country's scores into three categories: spending on health, education and social protection; progressive structure and incidence of tax; and labor market policies to address inequality.

Source: Oxfam report: Gap between rich and poor in US among highest of major industrial countries