Source: The Equality Trust
- UK income inequality increased by 32% between 1960 and 2005. During the same period, it increased by 23% in the USA, and in Sweden decreased by 12%.
- In the 1960s Sweden and the UK had similar levels of income inequality. By 2005 the gap between the two had increased by 28%.
- Since the 1980s income inequality in the United States and the UK has increased substantially and has returned to levels not seen since the 1920s.
- Inequality measures drawn from standard household surveys underestimate income inequality by as much as 10 percentage points, due to the under-representation of the top 1% of incomes.
- There is scope for governments to tackle inequality. Large income inequalities are not inevitable; Sweden owes its high levels of equality to policies introduced since the 50s.
The growth in inequality in the last 30 years has been driven by the top 1% of wage incomes.