Peering Through the Layers: Percentile Income Distribution

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Category: Art

Description

The percentile income distribution method segments the population into layers based on income levels, offering a detailed view of how wealth is spread across different groups. This approach goes beyond simple averages to reveal the nuances of income inequality, illustrating the economic distance between the wealthiest and the poorest segments of society. By examining income distribution through percentiles, we gain insights into the concentration of wealth, the middle-class squeeze, and the extent of economic disparity, providing a clearer picture of a society's financial health and social equity. Source: Khan, Faisal (26.11.22): What’s your percentile in global income distributions? https://medium.com/technicity/whats-your-percentile-in-global-income-distributions-9b5ca293b911 [15.03.24]