Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is. (Published on November 20, 2011)
The previous video, based on an excellent study done by Dan Ariely and Michael Norton in 2011, went viral in the web again in the first days of March 2013. Ezra Klein noticed it in The Washington Post on March 6:
Do you remember the Ariely and Norton study? It’s a beautiful piece of work. First, they asked Americans what their ideal distribution of wealth would be. The answer? Much more equal.
Then they asked Americans what they thought the actual distribution of wealth was. Less equal than their ideal, came the answer. But the truth, as Ariely and Norton noted, was that America was much less equal even than that. Reality was twice as far from the average American’s ideal as the average American thought. Here’s their graph:
Interesting graph, no doubt, but, as Klein notized, «not particularly striking» compared to the video Wealth Inequality in America made by a You Tube user pennamed «Politizane».
«When we talk about economic inequality, we tend to talk about income inequality» Klein added. «But wealth inequality is much more skewed, as these numbers from the Economic Policy Institute show: