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[Start Now: Click To Answer 3 Quick Questions & Get Yours!]( [Countries with the biggest income disparity]( Austin Dahmer [ Countries with the biggest income disparity ]( [See full slideshow »]( Income disparity has been growing in the U.S. since 1980, and with it comesdwindling economic opportunity and upward mobility for the millions of Americans trapped in poverty. Globally, income inequality has decreased slightly but remains high. Inequality between countries is wide, a phenomenon notably on display in the COVID-19 vaccine gap, which has resulted in wealthy countries vaccinating their populations at significantly higher rates than poor countries. Using 2018 data from the World Economic Forum (WEF), the most recent data of its kind available, Stacker compiled a list of countries with the largest income disparity, also known as income inequality. From this data, released in 2019, we ranked the 25 countries with the most unequal income distributions. The WEF used a metric called the net income Gini index, which measures the extent to which the net distribution of income (after taxes and other income transfers) among a country's population deviates from an equal distribution. In this way, a Gini index of "0" would be a perfectly equal income distribution, whereas an index of "100" would be perfectly unequal. In other words, the higher the number, the higher the income inequality in that country. While the countries are ranked based on the net income Gini index, we have also included a few other statistics for each country on the list: the wealth Gini index, median income, and the poverty rate. The wealth Gini index, like the net income Gini index, is a measure of inequality. Just like the net income Gini index, a higher number means a higher level of inequality. The difference is that wealth is the total value of a person's assets, whereas income is the amount a person receives for their services. The median income is a way to measure the average daily income per person in that country (all 25 countries on the list are under $20 per day). The poverty rate is the percent of that country's population with less than half of the median income. The net income Gini index for the United States is 37.80 (ranked at #50 of 103 countries measured). The United States' wealth Gini index is 85.60 (#6 most unequal of 103 countries). Keep reading to see which economies boast the highest income inequality. Visit thestacker.com for similar lists and stories. © 2021 Stacker Media, LLC; Distributed by Tribune Content Agency, LLC [Tweet It]( - [Facebook It]( Sponsor [Parents! Help Your Kids Practice Smart Money Habits.]( With the [Greenlight Debit Card and App]( kids earn money through chores, set savings goals, spend wisely and invest. Parents set flexible controls and get real-time notifications every time their kids spend money. Greenlight celebrates smart money management by rewarding kids with up to 1% Cash Back and 2% on their Savings balances.* [Learn More Today]( [ Life Advice Digest ]
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